Cobo Donates HK$1 Million to Support Dapu Fire Relief Efforts, Launches Compliant Blockchain-Based Donation Channel

Cobo Donates HK$1 Million to Support Dapu Fire Relief Efforts, Launches Compliant Blockchain-Based Donation Channel

2025-11-28 19:44

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ChainThink news: Cobo has announced a donation of HK$1 million worth of stablecoins to the Hong Kong Tai Po fire relief and community reconstruction project, and is partnering with the Hong Kong Red Cross to launch a dedicated "compliant blockchain charity wallet." Built on blockchain technology, this wallet enables fully transparent, publicly verifiable, and traceable donation records—ensuring every fund flow can be audited—thereby enhancing trust in charitable fund utilization. Currently, the charity wallet is open to the public, allowing direct donations via a designated address. All funds will be allocated toward actual relief and reconstruction efforts. Cobo states it will continue to monitor fund usage and post-disaster progress, and plans to provide free blockchain donation system technical support to eligible charitable organizations, advancing digital transformation in philanthropy.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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