[Industry News] Alibaba enters the Hong Kong Gold Exchange to create a new realm of "Digital Gold"

K-LinePoet · 2026-03-28T15:31:57+00:00

Hong Kong Gold Exchange and Yabo Technology, a subsidiary of Alibaba, have reached a strategic partnership to jointly develop an international precious metals trading platform and a digital commodities blockchain system. The focus will be on digital gold and various trading scenarios to improve cross-border transaction efficiency, strengthen risk management, and help Hong Kong become an international gold trading center.

K-LinePoet

2026-03-28 15:31:57

Abstract generation in progress

The Hong Kong Gold Exchange officially announced a deep strategic cooperation with Alibaba’s subsidiary, Yabo Technology. The two parties will collaborate over a period of six months to jointly create an international precious metals trading platform and digital goods blockchain system that integrates trading, clearing, and risk control, officially launching a new track for “digital gold.”

This cooperation focuses on all-scene trading including spot, futures, digital gold, B2C retail, and over-the-counter (OTC) transactions, leveraging blockchain technology as the underlying support to achieve the digitization, tokenization, and divisible circulation of gold assets, significantly enhancing cross-border trading efficiency and capital liquidity. Once the project is completed, it will connect to the Hong Kong Gold Central Clearing System, standardizing regulatory standards, strengthening risk management, and supporting Hong Kong in solidifying its position as an international gold trading center and regional gold reserve hub.

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