Source: Hong Kong Cyberport
Hong Kong, June 26, 2025 - Cyberport welcomes the digital asset policy declaration issued by the SAR government today, which provides clear policy guidance and a sound regulatory framework for the digital asset industry, helping to promote the healthy and orderly development of the industry. The declaration also affirms Cyberport's active contributions in startup incubation, ecosystem building, including business matching, technical support, and talent cultivation, which vigorously promote the development of digital assets and blockchain in Hong Kong. To further promote the application of tokenization and blockchain technology, Cyberport simultaneously announces the launch of the 'Blockchain and Digital Assets Pilot Funding Scheme' (hereinafter referred to as 'the Scheme'), providing funding for exemplary and high-impact projects with benchmark potential, driving innovative application practices and promoting the sustainable development of the industry.
The Secretary for Financial Services and the Treasury, Xu Zhengyu, stated: "The government is committed to consolidating Hong Kong's status as an international financial center. We are actively establishing a forward-looking and robust regulatory framework for digital assets, and we are pleased to see Cyberport fully supporting the innovation and pilot testing of digital assets and blockchain, especially through startup incubation, blockchain and digital asset pilot programs, and industry collaboration. We look forward to continuing to work with Cyberport and the industry to promote the sustainable development of Hong Kong's finance and digital economy."
The CEO of Cyberport, Dr. Zheng Congyan, stated: "The second policy declaration on the development of digital assets issued by the SAR government clarifies that the government is actively embracing innovative technologies. Cyberport will continue to align with government policies and work with the industry and regulatory bodies to promote the development of the local blockchain and digital asset ecosystem, enhance the digital economy, and strengthen the resilience of the local economy. We expect the 'Blockchain and Digital Assets Pilot Funding Scheme' to drive the innovative application of digital assets while also enhancing the industry's understanding of digital asset governance and security."
The 'Blockchain and Digital Assets Pilot Funding Scheme' launched by Cyberport is now accepting applications, providing funding support and real application scenarios for startups in relevant fields, aiming to support and encourage the testing and practical implementation of innovative solutions, supporting exemplary and high-impact applications with the potential to become future benchmark cases, promoting the development of the local blockchain and digital asset ecosystem. The scheme will provide funding support at the development stage for enterprises to test impactful blockchain and digital asset solutions. Each eligible pilot project can receive 80% funding, with a maximum funding amount of HKD 500,000.
The scheme covers multiple areas, including Real-World Assets (RWA) tokenization, stablecoins and payment solutions, decentralized identity, Web3.0 security, distributed artificial intelligence (AI)/machine learning (ML), as well as social innovation and digital experience, among others. Companies need to partner with a sizable institution as their sponsor to demonstrate the high commercialization potential of their pilot project.
Applicants must be companies or research institutions registered and conducting business in Hong Kong and must meet relevant application eligibility requirements. The proposal must be directly related to recognized Web3.0 fields and must address practical problems faced by relevant institutions in Hong Kong, proposing innovative solutions that are not available in the market.
Funding will be disbursed in two phases, with the first phase being startup funding and the final phase of funding being released after the pilot testing is completed and confirmed by the sponsoring organization. The application period for the scheme ends on August 1.
Cyberport currently gathers about 280 blockchain and digital asset companies, three of which are unicorns, founded by entrepreneurs from 19 countries and regions, making it the largest blockchain and digital asset community in the region, covering various fields such as smart living, digital entertainment, fintech, and cybersecurity. Through this scheme and other supporting projects, Cyberport provides comprehensive support for blockchain and digital asset startups and continues to hold exchange activities to promote industry development. In the future, Cyberport will continue to cultivate talent, enhance public understanding of blockchain and digital assets, and accelerate the development of the local ecosystem.
Cyberport announces the launch of the 'Blockchain and Digital Assets Pilot Funding Scheme', which is now open for applications.