Welcome to read Techub News's "Weekly Highlights of Hong Kong Web3." In this week's report, we will summarize the significant events and developments in the Hong Kong Web3 sector from November 17 to November 23, along with the latest data insights and detailed event previews, helping you quickly and comprehensively understand the progress in Hong Kong's Web3 field last week.
Hot News
Pionex's Wan Tong Insurance launches investment options linked to "virtual asset funds"
According to Dongwang, Wan Tong Insurance, a subsidiary of Pionex, announced the launch of investment options linked to "virtual asset funds" and has completed the review process with relevant regulatory authorities…
Swiss cryptocurrency-friendly bank AMINA (Hong Kong) Limited has received an upgrade to its Type 1 license from the Hong Kong Securities and Futures Commission (SFC), becoming the first international banking group to offer cryptocurrency spot trading and asset custody to professional investors in Hong Kong…
Web3 company BD and a former employee sued by Hong Kong court for alleged rape
According to Hong Kong Sing Tao Daily, two men holding two-way permits are accused of raping a woman in a hotel in Mong Kok earlier this month. Both have been charged with one count of rape and appeared in West Kowloon Magistrates' Court for the first time…
HSBC to offer tokenized deposit services to clients in the US and UAE
According to Bloomberg, HSBC Holdings Plc will begin offering tokenized deposit services to corporate clients in the United States and the United Arab Emirates in the first half of next year. HSBC's tokenization services have already been launched in Hong Kong, Singapore, the UK, and Luxembourg…
Digital asset prime broker and fintech service provider LTP announced that its subsidiary LiquidityTech Limited (LTP HK) has officially received confirmation from the Hong Kong SFC to upgrade its Type 1 regulated activity (securities trading) license. This upgrade marks LTP HK's ability to provide clients with licensed virtual asset deposit (VA-in) and withdrawal (VA-out) services…
According to 21 Economic Network, Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, revealed in a recent interview that Hong Kong is continuously optimizing its tax exemption policy, planning to expand the current tax exemption scope from family offices and funds to private credit…
According to the Hong Kong Economic Journal, the Hong Kong Financial Services and the Treasury Bureau and the Shenzhen Municipal Local Financial Supervision Bureau jointly released the "Action Plan for Jointly Building the Hong Kong-Shenzhen Global Fintech Center (2025-2027)," which states that by the end of 2027, more than 20 cross-border data verification platform financial application scenarios will be implemented, promoting Shenzhen financial institutions to establish fintech subsidiaries in Hong Kong and driving continuous innovation in digital renminbi application scenarios…
Hong Kong listed company Bit Metaverse (08645) appoints Su Lian as CEO
Hong Kong listed company Bit Metaverse has appointed Su Lian as CEO, fully responsible for the investment decision-making system of its wholly-owned subsidiary Global Innovation Capital. Within the Bit Metaverse system, Su Lian will lead the global investment direction of Global Innovation Capital. The institution is positioned as "an international bridge linking innovation and capital," focusing on the overseas expansion, listing, mergers and acquisitions, and cross-border capital events of Chinese artificial intelligence companies…
Hong Kong SFC: Beware of suspicious investment products Goldpay Token and Gold Receipt
The Hong Kong SFC warns the public to be cautious of suspicious investment products named "Goldpay Token (GPT)" and "Gold Receipt (GR)"…
According to Zhichun Finance, Hong Kong listed company International Business Digital Technology (01782.HK) announced plans to place up to 28 million placement shares through a placement agent, with each placement share priced at HKD 3.60. The expected maximum net proceeds from the placement are HKD 99.72 million…
According to Sina Finance, Lu Zhihong, a member of the Hong Kong Stablecoin Review Tribunal and Web3 Development Group, stated in an interview that the "review" is essentially a safeguard procedure for applicants and is part of the construction and improvement of the regulatory framework…
Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, delivered a speech at the Fintech Forward Seminar and the 01 Fintech Excellence Awards 2025. Xu Zhengyu stated that the Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority are jointly advancing research on the applicability of existing laws to tokenized bonds…
According to Ming Pao, Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, stated at a discussion forum that the authorities are working with the Monetary Authority to advance research on the applicability of existing laws to tokenized bonds, aiming to promote the adoption of tokenization technology in Hong Kong's bond market…
Hong Kong SFC: Lists "AmazingTech" as a suspicious virtual asset trading platform warning list
According to the Hong Kong Securities and Futures Commission (SFC) announcement, the public should be cautious of a virtual asset trading platform named "AmazingTech," which claims to operate locally in Hong Kong…
Hong Kong's Financial Secretary Chan Mo-po stated in a blog that due to geopolitical influences, global investors are reassessing the risks of their asset portfolios and adjusting investment strategies to diversify risks, making Hong Kong a safe haven for capital…
Industry Observation
According to Zhichun Finance on November 17, the Hong Kong SFC issued an urgent circular to licensed corporations and virtual asset trading platforms, urging them to remain highly vigilant against suspicious fund transfers showing signs of layered trading. The circular clearly states that the use of licensed institutions for complex layered trading to disguise illegal funds is on the rise. This regulatory dynamic reveals that the fight against money laundering is facing unprecedented challenges amid accelerating financial innovation.
However, crises also give rise to opportunities. The burgeoning wave of real-world asset tokenization in the global financial sector, with its inherent transparency and traceability, is providing new solutions for building a safer and more trustworthy financial infrastructure. This article will delve into the real challenges of layered money laundering and analyze how RWA tokenization can reshape risk control logic from a technical foundation, while rationally discussing the gaps that must be crossed for its transition from concept to large-scale application.
Despite the ongoing downturn in the cryptocurrency market and the prevailing panic sentiment, the development of the altcoin ETF market has not stalled.
Yesterday, the 21Shares Solana ETF (code TSOL) was officially listed on the Chicago Board Options Exchange (CBOE) after receiving approval from the US SEC. The fund supports cash or physical redemptions, with a management fee rate of 0.21%, and supports Solana to provide additional returns through staking. Its initial assets under management were USD 100 million, with a first-day trading volume of USD 400,000, and its net asset value has now risen to USD 104 million.
The concept of decentralized social protocols (hereinafter referred to as Social Fi) is no longer new, but the products in this space are continuously undergoing real iterations.
Earlier this year, Kaito made "attention" quantifiable and tradable for the first time, incentivizing the acquisition of C-end users to serve Web3 project operations; recently, the popular application FOMO in the European and American crypto circles has linked real on-chain transaction behaviors with social relationships through binding on-chain addresses, allowing users to intuitively observe the correlation between smart money on-chain behaviors and their social accounts, thus triggering strong resonance and creating a "FOMO" effect.
Data Insights
Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows
According to ichaingo data statistics, last week, the subscription and redemption volume for Hong Kong Bitcoin spot ETFs was 0 units, with a total ETF holding value of approximately $312 million, a decrease of about $47 million in holding value; the subscription and redemption volume for Ethereum spot ETFs was also 0 units, with a total ETF holding value of approximately $88.8 million, a decrease of about $15 million in holding value.
Event Information
"ArbiMix Hong Kong" will be held on November 26 from 15:00 to 18:00 in Hong Kong, hosted by HackQuest. This offline event will gather local developers, students, ecosystem projects, and community members. There will be exciting thematic discussions introducing leading projects in the Arbitrum ecosystem, providing rich networking opportunities, and releasing exclusive information for the Asia-Pacific region.
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