Hong Kong is fully focused on keeping its crypto market open and active as it works to become a leading hub for digital assets, according to the city’s financial secretary, Paul Chan Mo-po.
Building a Strong Web3 Ecosystem
Speaking at the Consensus 2025 event, Chan said that Hong Kong will “remain a stable, open, and vibrant market for digital assets.” He highlighted the city’s heavy investment in infrastructure and talent to support Web3 growth.
“Our Cyberport and Science Park have become key centers for Web3 innovation and fintech,” Chan said. “We are also working with universities and businesses to train future blockchain experts.”
Hong Kong has been working to strengthen its position as a leader in financial technology. The city’s Cyberport Web3 network, which supports blockchain businesses, now hosts over 270 firms—120 of which joined in just the last 17 months.
Paul Chan Mo-po is giving a keynote address at Consensus Hong Kong 2025.
New Regulations and Crypto Licenses
Hong Kong’s going out of its way to attract more investment by proposing tax relief on crypto profits for family investment offices, private equity, and hedge funds. Chan indicated that the government is keen on creating “fair, balanced, and forward-looking” regulation for financial innovation, particularly Web3.
🇭🇰 Hong Kong Doubles Down on Crypto & Aí
— Cryptic (@Cryptic_Web3) February 23, 2025
🔹 Financial Secretary Paul Chan Mo-po reaffirms Hong Kong as an “open & vibrant” crypto hub.
🔹 Over 270 blockchain firms in Cyberport Web3 network & growing.
🔹 AI + blockchain will drive new financial use cases.
🔹 Gov’t pushes… pic.twitter.com/OfQsm89zph
Since it opened a licensing regime for crypto companies a year ago, Hong Kong’s Securities and Futures Commission has licensed just nine crypto companies. The most recent two, PantherTrade and YAX, were licensed in January 2025.
AI and Blockchain: A Powerful Combination
Chan also spoke about the growing connection between artificial intelligence (AI) and blockchain. “AI is evolving fast and is being used more in finance,” he said. “Its combination with blockchain will create new opportunities and challenges.”
To do this, the Hong Kong government and financial regulators are working closely with companies to create clear guidelines to use AI in financial services. In October 2024, the city’s Financial Services and Treasury Bureau unveiled a dual-track policy for the use of AI in finance.
With solid support for Web3 and AI, Hong Kong is poised to lead the way with the future of digital assets and fintech.
