Hong Kong Accelerates the Development of Cryptocurrency and Fintech in the Next Decade
Hong Kong is expanding its influence in the cryptocurrency and fintech sectors, aiming to become a global center for cross-border digital asset management within the next two years.
Thanks to strong fund registration and regulatory policies promoting safety along with easier access, Hong Kong is rapidly establishing its position as an emerging digital financial center in Asia and the world.
Hong Kong's ambition to reach a global scale
Not only stopping at becoming a cryptocurrency-friendly region, Hong Kong wants to go further. In a speech at the 2025 Asset Management Conference, Finance Minister Paul Chan emphasized that the number of registered funds reached 976 in March 2025, attracting a net inflow of over 44 billion USD before taxes, an increase of 285% year-on-year.
He also predicts that, 'Within two to three years, Hong Kong will become the world's leading cross-border asset management center.'
The current market is particularly interested in digital assets, especially stablecoin issuance. The Hong Kong government has completed legislation on stablecoins, effective from August 1, becoming one of the first countries to establish a mandatory legal framework for stablecoins.
Infrastructure and licenses help drive innovation
Hong Kong is intensifying its infrastructure development to support digital financial goals. The HKMA's Ensemble project is a prime example, testing tokenization and modernizing interbank payments, along with digital asset deposit models.
The city government has established a dual licensing regime for digital asset trading platforms (VATPs), meeting both retail crypto trading and tokenized securities needs. It has currently licensed 10 platforms and is considering an additional 8 applications.
In April 2024, Hong Kong was the first jurisdiction to approve Bitcoin ETF and spot Ethereum, while the Stablecoin bill is expected to come into full effect in August 2025, enhancing the safety of fiat-backed stablecoin funds.
The global race in the competition for digital asset status
Hong Kong is also expanding its advantages by proposing tax exemptions for crypto for investment funds, wealthy families, and private equity fund managers. This policy will attract fund management centers and investors focusing on crypto, especially after tightening regulations in the United States and Europe.
In a competitive context, Singapore, Dubai, and the UK are all aiming to become new financial centers, but Hong Kong is not just stopping at licenses; it is also building the central bank's infrastructure, combined with clearly regulated stablecoins.
Officially closing his speech, he emphasized: 'Hong Kong is a free international metropolis, globally open, with both domestic and international connections and many opportunities. We will continue to innovate, adapt flexibly to expand markets and develop new funds, bringing sustainability.'
Hong Kong's proximity to mainland China also creates its own advantages. While Beijing completely bans public crypto trading, Hong Kong has quietly become a bridge to bring Chinese capital to the international market, within a tightly regulated framework.
Source: https://tintucbitcoin.com/hong-kong-vuon-len-dan-dau-quan-ly-tai-san-so/
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