The upcoming Mate 40 line of devices will feature a built-in hardware wallet for China's central bank digital currency.
Huawei’s cloud services arm is helping the Beijing government set up a blockchain platform that would better track and manage people’s data.
The new national blockchain committee was formed to discuss and set industry standards for distributed ledger technology.
Huawei's CEO said: "Even China is able to issue such currencies, why wait for Libra?"
Huawei's newly launched mobile app store will feature the tech giant's first cryptocurrency wallet offering, thanks to a partnership with BTC.com.
Huawei has become the latest Chinese tech giant to launch its own blockchain-as-a-service platform, following on the heels of Tencent and Baidu.
Chinese telecoms and electronics giant Huawei has been secretly working on a project designed to gauge the abilities of various blockchains.
In a recently released patent application, tech giant Huawei touts a blockchain system for protecting digital property rights.
Blockchain business consortium Hyperledger is facing new challenges as it seeks to grow its membership.
Smartphone giant Huawei is now supporting the Linux Foundation-led Hyperledger blockchain project.