Hong Kong Web3 welcomes policy support again: stablecoins are steadily advancing, and RWA is expected to be implemented within the regulatory sandbox.

【Ledger Movement】Hong Kong’s support for Web3 continues to intensify. Recently, there have been voices suggesting that the development path of Hong Kong stablecoins will remain steady and not undergo major adjustments. The stablecoin regulation bill has gone through a considerable drafting period before being passed by the Legislative Council. The future development direction is quite clear—adapting to international standards while aligning with Hong Kong’s local financial ecosystem. The plan is to first open up the local market, with the ultimate goal of reaching the international stage, leveraging Hong Kong’s advantages as a financial and innovative technology hub.

Regarding RWA (Real World Assets on Chain), this will be the key track for the upcoming crossover integration of traditional finance and Web3. Hong Kong has already been promoting regulatory sandbox experiments, which are believed to gradually explore compliant development pathways under this framework and also serve as references for future regulatory directions. Interestingly, different industries can boldly try to incorporate Web3 technology, which can activate more practical application scenarios.

Another obvious trend is that developers’ enthusiasm for Hong Kong is rapidly increasing. Web3 public chains, compliant trading platforms, and underlying infrastructure companies are continuously establishing roots in Hong Kong. To ensure these companies thrive, talent reserves are crucial. The future focus is on building a complete talent ecosystem to attract more developers and industry practitioners to settle in Hong Kong.