Hong Kong Cyberport: Has launched a stablecoin and digital asset pilot project

ChainCatcher news, Dr. Zheng Congyan, CEO of Cyberport, stated that with the Hong Kong stablecoin regulations coming into effect on August 1, Cyberport has gathered nearly 290 technology companies in areas such as blockchain, smart contracts, data auditing, and cybersecurity, forming a digital asset technology support network covering mainland China, Hong Kong, and overseas, providing full-chain technical support for stablecoin and RWA (real-world asset tokenization) businesses.

To balance regulation and market vitality, Cyberport has launched a stablecoin and digital asset pilot project, selecting 9 cross-industry cases (covering finance, logistics, healthcare, etc.) from over 200 applications, and creating replicable industry templates through end-to-end scenario validation (including issuance, retail, anti-money laundering, etc.), while providing the government with technical challenges and regulatory references. Zheng Congyan emphasized that the pilot aims to explore the "regulatory sandbox" model, which both mitigates risks and promotes innovation, helping Hong Kong become a digital asset technology hub.

Currently, Cyberport has attracted the entry of U.S. data auditing companies, Zhejiang University blockchain teams, and mainland virtual currency tracking companies, and will continue to collaborate with the government to build a healthy ecosystem, enhancing Hong Kong's global competitiveness in the Web3 field.