With its number of new users and revenue surging, the Chinese brokerage app said it has begun applying for crypto-related licenses.
The only non-Chinese firm in the rankings, IBM, came fourth in terms of number of patents.
The two commercial banks join the six state-owned banks already participating in the CBDC trial.
"In China, the recovery is happening now and very fast,” said Travala.com CEO Juan Otero.
Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative.
The web giant is earmarking funding for emerging technologies as it seeks to grow after the COVID-19 epidemic.
Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.
PBOC wants to distinguish its own digital currency from rival private initiatives.
WeBank has become the first technical infrastructure provider for China’s blockchain network.
Tencent received the green light from the Hong Kong Securities and Futures Commission to build a blockchain-based virtual bank.
The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.
Chinese internet giant and parent of WeChat, Tencent said Libra would pose serious risks to current digital payment systems in the country.
Blockchain provenance startup Everledger has raised $20 million in a Series A round led by internet giant Tencent.
The Bank for International Settlements has expressed concerns over the expected disruption as big tech firms like Facebook enter the financial space.
WeChat has just blocked an official sales channel for Bitmain miners, along with several accounts that analyse the crypto markets.