Hong Kong News
Latest Hong Kong News
Banking giant HSBC has become the first bank to issue a blockchain-based real-world asset with the launch of its new tokenized gold investment product. Targeting retail investors in Hong Kong, the bank’s Gold Token went live on March 28. The…
Animoca-backed Asian crypto custodian Hex Trust aims to achieve profitability, while seeking more funding amid the crypto market recovery. Hong Kong-headquartered crypto custodian Hex Trust is set to start discussions about raising additional funds later this year, as the crypto…
Hong Kong is gearing up to introduce Ethereum ETFs, racing to beat the U.S. in the global crypto game, as Bitcoin ETFs face launch delays. Financial institutions in Hong Kong are racing to roll out Ethereum (ETH) exchange-traded funds (ETFs)…
Hong Kong has initiated a sandbox arrangement for stablecoin issuers to establish regulations for future operations.
Conflux Network, a public blockchain in China, has announced testing of the AxHKD stablecoin, backed by the Hong Kong dollar.
The Hong Kong regulator announced the creation of a sandbox for wholesale central bank digital currency.
The Securities and Futures Commission (SFC) in Hong Kong has warned the public about fraudulent websites impersonating the local licensed crypto exchanges. In a public warning on Mar. 4, the SFC cautioned the public about suspicious websites impersonating two licensed…
The assets under management of Hong Kong’s largest futures Bitcoin exchange-traded fund (ETF) have soared by 500%, reaching the $100 million mark since October 2023. Hong Kong-based capital market firm CSOP Asset Management revealed in an interview with Reuters that…
HSBC’s Hong Kong investments head, Sami Abouzahr, says asset tokenization is one of the top priorities for the bank for this year. HSBC Hong Kong is set to double down on asset tokenization as part of the bank’s development strategy…
The Hong Kong Monetary Authority (HKMA) will allow institutions to test the issuance of stablecoins. According to a release published by the Hong Kong Free Press on Feb. 28, the HKMA will launch a so-called sandbox. Financial Secretary Paul Chan…
Crypto exchange HTX (formerly Huobi) has made a U-turn by withdrawing its application for a crypto license in Hong Kong just a few days after submitting it. According to the Securities and Futures Commission’s (SFC) official website, which publishes a…
Over the past three years, the number of crimes involving virtual assets in Hong Kong has almost tripled. According to a local media report, Financial Services and Treasury Minister Hui Ching-yu said that the Hong Kong Securities and Futures Commission…
HTX applied for a crypto license for its local branch in Hong Kong on Feb. 20, planning to operate HBGL Hong Kong Limited in the region. Cryptocurrency exchange HTX (formerly Huobi) has joined the group of applicants seeking approval to…
Hong Kong’s Securities and Futures Commission (SFC) has warned of an alleged scam involving crypto exchange MEXC. According to the SFC, on Feb. 9, police alerted the public to an alleged scam involving an organization posing as a virtual asset…
Blockchain insurance startup MediConCen raised $6.85 million in funding led by HSBC to improve the sector by ‘simplifying and speeding up the claims journey.’ In a blog announcement, the Hong Kong-headquartered startup said other investors, including G&M Capital, ParticleX, and…
One of Hong Kong’s two licensed crypto exchanges, OSL, finalizes the first tokenized warrant transaction with UBS. OSL Digital Securities has completed the first transaction involving the UBS pilot investment-grade tokenized warrant in Hong Kong, the company said in a…