Chinese Fintech Explores Venom Blockchain for Digital Finance Modernization
Chinese fintech firms are in talks with Abu Dhabi's Venom Foundation to acquire blockchain solutions aimed at modernizing digital finance infrastructure. The MOVE aligns with Beijing's push for technological adoption in financial services, as outlined in recent regulatory guidance.
Venom's Layer-0 protocol has demonstrated 150,000 TPS capacity in stress tests, offering potential applications in cross-border settlements and carbon credit tracking. Its multi-jurisdictional compliance features could support Belt and Road initiatives while reducing dollar dependence.