CashOn to explore digital currency lending matching services

It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.

CashOn, a Hong Kong-based digital currency lending platform, has inked a partnership with Wuxi Huishan Innovation Center to jointly develop digital currency lending matching services.

CashOn expects the collaboration to help it accelerate its international market expansion and enhance its competitive edge.

The collaboration follows after the GBA Youth Entrepreneurs Association recommended that CashOn set up operations at the innovation center.

Under the newly signed strategic cooperation memorandum, the innovation center will provide support in market expansion and resource integration, assisting CashOn in improving the layout of the international market.

For their part, CashOn said that it plans to recruit more Web3 and blockchain professionals in the Greater Bay Area.

CashOn’s platform aims to help customers access cash liquidity by using digital currencies, find and compare quotes from multiple financial companies, and provide suitable lending solutions for the customers’ needs.

Located in the core area of Shekou Prince Bay in Shenzhen, the Wuxi Huishan (Shenzhen) Innovation Center is a significant innovation incubation space under Wuxi Huishan Science and Technology Innovation Industry Group. Since June 2022, the center has signed agreements with 19 projects, totaling an investment of HK$9.89b (RMB 9 billion).