AxCNH (AXCNH)

AnchorX is an Asian stablecoin issuer, and the first recipient of a stablecoin license from the Astana Financial Services Authority (AFSA) in Kazakhstan, the leading financial hub in Central Asia and Eastern Europe. The flagship product of AnchorX is AxCNH, the world's first licensed CNH-pegged stablecoin. Each unit of AxCNH is fully backed by equivalent reserves of CNH, held in segregated custody accounts at regulated financial institutions, and always redeemable 1:1 for CNH fiat currency with dependable transparency. AnchorX is also working closely with other regulators to ensure that AxCNH tightly aligns with the proposed stablecoin standards.