🚨🇭🇰 Hong Kong Fintechs #Raise $1.5B Amid Crypto Craze

🔹At least 10 Hong Kong-listed firms raised over $1.5B in July to expand into stablecoins, blockchain, and digital assets, just as the city’s new stablecoin bill takes effect.

🔹Heavyweights like OSL, SenseTime, and Dmall tapped investors eager for regulated crypto exposure. A stablecoin stock index is up 65% this year, far outpacing the Hang Seng. Regulators, however, warn against “frothiness” and excessive hype.