Coin World News reports that on August 27 (UTC+8), the Hong Kong Digital Asset Listed Companies Association (HKVALA) was officially established in Central, Hong Kong. Guests at the event included Chan Ho-lam, Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, and Dr. Wu Kit-chong, Chairman of the Legislative Council's Web3 and Virtual Asset Development Subcommittee. The Hong Kong Digital Asset Listed Companies Association is initiated by numerous representative listed companies in the digital asset sector. The aim of the Hong Kong Digital Asset Listed Companies Association is to foster industry consensus and deepen government-enterprise collaboration. Leveraging Hong Kong's unique regulatory framework and policy advantages, it is committed to creating a hub for innovative regulatory practices in stablecoins and a strategic platform for institutional-level digital financial infrastructure, becoming a benchmark for the compliance of RWA (Real World Asset Tokenization) globally, promoting compliant innovation and scalable application in cutting-edge areas such as stablecoins and RWA, leading digital technology innovation, and helping Hong Kong consolidate its status as an international financial center.

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