The executive, who asked not to be named, said Hong Kong uses Digital Asset’s technology to solve a defined problem relating to north bound trading on Stock Connect in Hong Kong, which provides access to stocks listed on Chinese exchanges in Shenzhen and Shanghai. The technology helps to accelerate trade settlement confirmation for investors in Europe and the United States, given different time zones. The Digital Asset software, and its smart contract development framework known as DAML, speeds up global institutions using links to institutional trade processing services developed by DTCC, the US clearing house. The so-called HKEx Synapse project...