Hongkong

Key Takeaways
Hafu Securities, a subsidiary of Dongfang Caifu, receives approval from Hong Kong’s SFC for virtual asset trading.The license enables $BTC and $ETH trading via integrated account arrangements.This move strengthens Hong Kong’s position as a regulated hub for digital assets.
Dongfang Caifu’s subsidiary, Hafu Securities, has officially been granted a virtual asset trading license by the Hong Kong Securities and Futures Commission (SFC). This approval marks a significant milestone for the firm, allowing it to offer regulated trading services for BTC and ETH. The license falls under Hong Kong’s evolving framework for virtual asset service providers, reinforcing the city’s ambition to become a global crypto hub.
Hafu Securities already holds multiple business licenses, including for securities trading, advisory, automated trading, and asset management. With the addition of virtual asset capabilities, the firm is poised to expand its footprint in Asia’s digital finance ecosystem.
Hong Kong’s Regulatory Push Gains Momentum
Hong Kong has been actively promoting its virtual asset industry, with the SFC rolling out a comprehensive licensing regime. The approval of Hafu Securities adds to the growing list of regulated platforms, ensuring investor protection and compliance. The move aligns with Hong Kong’s broader strategy to attract global crypto firms and foster innovation in blockchain technologies.
Dongfang Caifu’s Strategic Leap into Crypto
By securing this license, Dongfang Caifu signals its commitment to the future of digital finance. The firm’s ability to offer BTC and ETH trading under a regulated framework opens doors to institutional clients and retail investors alike. As Hong Kong tightens its grip on crypto oversight, licensed entities like Hafu Securities are set to benefit from increased trust and market access.
#HongKong #BTC #ETH

Hong Kong is solidifying its position as a leading stablecoin hub in Asia, with over 40 companies preparing to file for licenses under its new Stablecoin Bill, according to a report by Yicai.The Stablecoin Bill, which takes effect on August 1, will formally open the door for regulated stablecoin issuance, settlement, and related services under the oversight of the Hong Kong Monetary Authority (HKMA).Major players lined up include big names like JD.com, Ant Group, Standard Chartered, and Circle, all of which have publicly confirmed their intent to apply. Several law firms advising applicants say they’re managing consultations for even more companies that are still finalizing their documentation.
“Many small and medium-sized companies are not qualified to apply and are only using the topic for short-term publicity,” said Alex Zuo, who leads the payments division at Cobo, underlining that most serious candidates are large mainland Chinese enterprises.
The applicant pool ranges from digital finance providers and logistics firms with global operations to internet companies diversifying into blockchain. Many firms are hiring blockchain compliance specialists and engineers to develop stablecoin issuance and settlement infrastructure as well as multi-address wallet tools for fiat conversion.
Zuo noted an emerging divide between firms making genuine moves to develop regulated stablecoin offerings and those issuing vague statements without operational substance.
Hong Kong’s Regulatory Benchmark
Qiao Yide, vice president of the Shanghai Development Research Foundation, emphasized that stablecoins are not replacements for sovereign currencies but extensions, always pegged to fiat. He pointed out that the true cost of stablecoin transactions, including exchange fees, on-chain processing, and compliance, may reach up to one percent.
Hong Kong’s new framework is now seen as a blueprint for balancing regulated issuance with crypto-native features. Other jurisdictions are also moving forward, with Singapore, Japan, and the European Union each drafting their own stablecoin licensing rules covering payments and reserve backing.
The outcome of Hong Kong’s licensing wave may shape how other Asian financial centers design their oversight structures to attract credible private stablecoin issuers while maintaining monetary control.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
The post appeared first on CryptosNewss.com
#stablecoin #HongKong $USDT

📅 July 9, 2025 | Hong Kong
This Tuesday, the financial world received a clear message from one of Wall Street's biggest players: BlackRock, the global asset management giant, has officially filed an application to list a Bitcoin ETF in Hong Kong. The news first leaked through local regulatory reports and within hours flooded crypto forums, networks, and analyst groups.
For many, this is a powerful signal that the heavyweights of traditional finance not only accept Bitcoin as a valid asset, but also want to bring it to institutional and retail investors under clear, auditable, and, above all, regulated frameworks.
But behind this application lie key questions: What does a Bitcoin ETF mean for Asia? Can it drive a new wave of adoption? And how does this affect the global competition to raise crypto capital in a transparent and secure manner?
To understand the magnitude of this movement, we must go back a bit. BlackRock already made its first major splash in early 2024 by launching its Bitcoin spot ETF in the United States, which broke volume records and attracted billions of dollars in fresh capital. Now, its new target is Asia, and the chosen entry point is not surprising: Hong Kong has become one of the most regulatory-friendly financial centers for digital assets in recent years, especially given mainland China's strict stance.
According to documents filed with the Hong Kong Securities and Futures Commission (SFC), the ETF will seek to offer direct exposure to the price of Bitcoin, with cold storage and periodic audits to ensure transparency and security for investors.
BlackRock spokespersons have stated in previous interviews that they see Asia as a key market for the mass adoption of digital assets under controlled schemes. For many analysts, the move is strategic: Hong Kong attracts global capital, combines clear rules and a robust financial ecosystem, and positions itself as a bridge between the West and the vast Asia-Pacific investor base.
In specialized forums, some experts celebrate the news as a step that could motivate other financial giants to introduce similar products, diversifying access to Bitcoin without requiring investors to store private keys or deal with poorly regulated exchanges.
Others, more cautious, point out that the SFC still needs to review and approve the application, a process that could take weeks or months, and that global markets are attentive to the response of other regulators. Furthermore, competition is growing: asset managers in Australia, Japan, and South Korea are already interested in launching equivalent products.
Meanwhile, the price of Bitcoin shows positive signs: it rose nearly 3% in the last 24 hours, driven by the expectation of new institutional inflows. Technical analysts point out that an ETF approved in Hong Kong could unlock hundreds of millions of additional dollars in liquidity, reinforcing Bitcoin's narrative as a safe haven asset, even in a volatile macroeconomic environment.
Topic Opinion:
As an enthusiast and educator in this ecosystem, seeing a player like BlackRock expand its Bitcoin ETF strategy to Asia is clear evidence that the industry is leaving behind the days of pure speculation and embracing more robust and accessible investment frameworks.
This step reinforces something I always say: real adoption doesn't happen just with memes and hype, but when innovation, clear regulation, and large institutions willing to endorse the technology combine.
Does this mean Bitcoin will continue to rise? Not necessarily. But it does show that the "legitimate digital asset" narrative continues to gain traction among those who manage billions of dollars and want to diversify their portfolios.
For new investors, the lesson is simple: educate yourself, understand what an ETF is, how it works, and why it's changing the way you participate in crypto without the technical complications. The future of finance is being built today, and it's up to us to demand transparency and education before we jump in.
💬 Would you invest in a Bitcoin ETF or prefer to buy BTC directly? What do you think about the expansion of these products in Asia? Would you like a basic step-by-step guide to understanding crypto ETFs?
Comment respectfully, share your experience, and let's continue learning together to navigate this world with a cool head and solid education.
#bitcoin #etf #blackRock #CryptoNews #HongKong $BTC

🚀 Hong Kong’s AI Supercomputer Hits 90% Capacity — The Future Is Here! 🤖🌏
In just 6 months since its launch at Cyberport, Hong Kong's AI Supercomputing Centre is running at 90% utilization — a massive indicator of the city’s explosive AI growth! Backed by a HK$3 billion ($380M) government subsidy, this facility is supercharging startups, R&D, and next-gen applications.
🔬 Already, projects like the Generative AI R&D Centre are creating tools rivaling ChatGPT, now being used by 70% of HK government departments.
🏗️ What’s Next?

Another supercomputing hub is coming to Sandy Ridge, part of Hong Kong’s grand vision to hit 15,000 petaflops by 2030 (3,000 by 2026 alone)!

📊 Fast Facts:
400+ AI companies at Cyberport

120+ joined in the past year
HK$2.83B invested in semiconductorsHK$1B into AI R&D Institute
70% computing cost subsidized
🌐 This isn’t just local progress — it’s part of China’s larger push to rival the U.S. in AI, innovation, and tech independence. While the U.S. leads with 78,000 AI researchers, China and Hong Kong are closing the gap — fast.
💡 With AI, finance, and healthcare converging, Hong Kong is building its identity as a global AI-fintech bridge, connecting mainland innovation with international markets.
👉 Why does it matter to you?

In an AI-powered economy, computing power is the new oil — and Hong Kong is drilling deep #Supercomputing #HongKong #CryptoAI #DeFi #Binance #ChinaVsUS #FintechFuture #Blockchain #Cyberport

Hong Kong is preparing to launch its third tokenized green bond while also introducing stamp duty relief for exchange-traded funds (ETFs). These initiatives form part of a broader digital asset and financial technology strategy led by the government.
Financial Secretary Christopher Hui verified that the bond issuance will be a continuation of two past batches of tokenized green bonds at the end of 2023 and 2025. The announcement was made as Hong Kong strengthens its commitment to becoming a regional hub for tokenized and blockchain-based financial products.
Hong Kong Push Toward Asset Tokenization
The Hong Kong Treasury Department is moving forward with the third issuance of tokenized green bonds, using distributed ledger technology (DLT). The initiative aims to modernize traditional finance systems and offer faster settlement and greater transparency.
Tokenization converts conventional financial assets into blockchain-based tokens. This process improves liquidity and may attract broader investor participation, especially from institutions seeking streamlined access to green finance opportunities.
In addition to bonds, the treasury department has also begun to experiment with tokenization of actual world assets like precious metals and investment products. The Financial Services and the Treasury Bureau (FSTB) argues that this will open up more liquid and convenient means of investing in hitherto less-liquid markets.
Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) are shaping a regulated environment that will be capable of sustaining such developments. They will be overseeing the licensing as well as supervision of activities associated with tokenization.
New Regulatory Framework and Stablecoin Licensing
This move aligns with Hong Kong’s broader digital asset policy announced last week. The new policy introduces the “LEAP” framework, which stands for Legal clarity, Ecosystem expansion, Application development, and Professional talent.
The government will begin licensing stablecoin issuers starting August 1. The Financial Secretary stated that this framework is meant to enable the secure growth of real-world use cases for digital assets. The SFC will supervise digital asset dealers and custodians, while a legal review on the tokenized assets will fall under FSTB and HKMA.
The focus on both legal clarity and technical readiness shows the city’s strategic effort to support tokenized products. The government expects this combination of clear policy and financial innovation to encourage both local and overseas market participants.
Integration with Global Trends in Tokenized Securities
Global developments in tokenized assets are advancing in parallel. On July 4, Ondo Finance announced that it will acquire Oasis Pro, which operates an SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA).
This acquisition aims to strengthen the U.S. infrastructure for regulated tokenized securities aligning with the increasing shift on tokenization. Concurrently, the Hong Kong government is also providing relief in stamp duty on ETFs as part of its plan to promote digital economy. This is a step that is likely to bring down the transaction costs and stimulate trading.
The relief of ETF stamp duty on the bond issuance will enter the scene with the introduction of the new bond. It is one of the latest initiatives aimed at making an environment more appealing to investors and fintech innovators.

#HongKong #etf #ETFvsBTC #ETFs #etf以太坊