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Hong Kong

Hong Kong’s digital asset hub drive in full throttle with approval of ETFs
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17 April, 2024

Hong Kong’s digital asset hub drive in full throttle with approval of ETFs

While China remains adamant about embracing digital assets, Hong Kong proudly showcases its friendly stance with the approval of several...
Hong Kong’s largest digital bank pursues stablecoin issuers
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11 April, 2024

Hong Kong’s largest digital bank pursues stablecoin issuers

ZA Bank will offer stablecoin issuers accounts for cash reserves and is exploring possibly custodying stablecoins and other digital assets...
Hong Kong to issue new DLT adoption guidelines for banks
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7 April, 2024

Hong Kong to issue new DLT adoption guidelines for banks

The Hong Kong Monetary Authority has promised to issue the new guidelines in the coming weeks but clarified that they...
HSBC launches tokenized gold for retail customers in Hong Kong
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30 March, 2024

HSBC launches tokenized gold for retail customers in Hong Kong

After launching its tokenized gold for institutional users in November 2023, the bank is now expanding the HSBC Gold Token...
Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study
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29 March, 2024

Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study

Experts forecast that Hong Kong could add $20.5 billion to its economy by 2032 as it ramps up CBDC and...
Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial
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28 March, 2024

Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial

GSBN, with help from Ant Group, is modernizing the shipping industry through eBL, a blockchain-powered prototype that tokenizes goods and...
Hong Kong begins CBDC pilot phase 2 to explore wider use cases
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21 March, 2024

Hong Kong begins CBDC pilot phase 2 to explore wider use cases

The new iteration of its CBDC, the e-HKD, intends to explore new use cases for the CBDC in retail and...
Hong Kong lawmaker proposes Web3 financing platform for Greater Bay Area
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14 March, 2024

Hong Kong lawmaker proposes Web3 financing platform for Greater Bay Area

Johnny Ng pitched the platform to China’s central political advisory body—the CPPCC National Committee—for blockchain firms in Hong Kong, Macao,...
Hong Kong to trial wholesale CBDC in interbank settlements
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13 March, 2024

Hong Kong to trial wholesale CBDC in interbank settlements

The HKMA's CBDC project supporting tokenization will center on innovative infrastructure for interbank settlement, with aid from banking institutions, the...
HSBC HK targets tokenization offerings in new diversification drive
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10 March, 2024

HSBC HK targets tokenization offerings in new diversification drive

As it moves to fully embrace emerging technologies, HSBC Hong Kong plans to offer tokenized assets to its wealth management...
Hong Kong to launch stablecoin sandbox in Web3 push
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7 March, 2024

Hong Kong to launch stablecoin sandbox in Web3 push

Hong Kong’s budget revealed the city is expanding its digital yuan pilot testing to allow residents to top up e-CNY...
Hong Kong commits $383 million to Cyberbort AI subsidy scheme
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5 March, 2024

Hong Kong commits $383 million to Cyberbort AI subsidy scheme

The funds will be used to support early-stage startups and local universities exploring novel artificial intelligence applications, providing computational support...