Growth development of cryptocurrency funds in Hong Kong
Outstanding statistics on cryptocurrency funds and credit expansion
According to a report from the Hong Kong government on June 22, the number of registered funds in Hong Kong has reached 976, with a net capital flow of over $44 billion compared to the same period last year, a growth of 285%. This event clearly reflects the trend of attracting global investors, especially institutional investors, rushing into the cryptocurrency market. These funds often invest in blockchain tokens, digital assets, and DeFi projects, contributing to enhancing liquidity and increasing the sustainable value of the industry. The rising demand will continue to drive the development of the cryptocurrency ecosystem in this region.
The role of technology innovation centers in the cryptocurrency ecosystem
Hong Kong Science Park and Cyberport serve as innovation hubs, promoting blockchain projects, NFT projects, and cryptocurrency startups achieving significant milestones. Currently, there are 22 listed companies and 20 unicorns operating here, contributing to enhancing the fundraising capabilities for decentralized projects. Major investors, despite the still sluggish commercial real estate market, boldly purchase entire commercial buildings in Tin Hau to create a gathering point for the Web3 ecosystem. This action demonstrates confidence in the long-term prospects of the cryptocurrency market in Hong Kong.
Opportunities and Expansion Predictions for the Web3 sector in Hong Kong
The investment atmosphere is vibrant, as Web3 companies are successively leasing new offices to develop their activities. This is predicted to bring about many new demands in the near future, stimulating the activation of foundational blockchain projects, token staking, and other decentralized platforms. The integration of DeFi solutions is becoming increasingly popular, strengthening the DeFi network. The Hong Kong market, with policies promoting fintech and cryptocurrency, promises to become an important center in developing the global blockchain ecosystem.
Source: https://tintucbitcoin.com/hong-kong-web3-thi-truong-bat-dong-san-tang-vot/
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