Hong Kong

Hong Kong

Policy

Justin Sun Doubles Down on First Digital Trust Fraud Allegations, Urges H.K. Regulators to Act

Sun accused FDT of exploiting gaps in Hong Kong’s trust company regime and urged regulators to act after a Dubai court froze assets linked to the alleged misappropriation.

Justin Sun at a press conference

Finance

Hong Kong to Issue Third Blockchain-Based Green Bond Sale: Bloomberg

The bonds mark Hong Kong's third digital bond sale since 2023 and are part of its push to become a leading global hub for tokenized assets.

Hong Kong's skyline (Chris Lam/CoinDesk)

Finance

Franklin Templeton Debuts Tokenized Money Market Fund in Hong Kong

Accredited investors in Hong Kong have access to the U.S. dollar, Luxembourg-registered, tokenized UCITS money-market product.

Hong Kong's skyline (Chris Lam/CoinDesk)

Policy

Hong Kong Charges 16 in Alleged $205M JPEX Crypto Fraud as Interpol Hunts 3 More Suspects

The case is the largest financial fraud in Hong Kong's history, with Interpol issuing red notices for three fugitives.

Three Hong Kong policemen walk down a street

Finance

Banco Inter, Chainlink Power Real-Time CBDC Trade Settlement Between Brazil and Hong Kong

The pilot, part of Brazil's Drex initiative, used Chainlink's infrastructure to connect Brazil's Drex network with Hong Kong's Ensemble platform.

Chainlink CEO and co-founder Sergey Nazarov

Markets

Standard Chartered CEO Sees Hong Kong Stablecoin as Pivotal for International Trade Settlement

At FinTech Week, the Standard Chartered CEO said Hong Kong’s digital asset pilots, including HKD-backed stablecoins and tokenized deposits, could transform cross-border trade, as regulators unveiled new rules allowing shared order books for crypto exchanges.

Bill Winters, CEO of Standard Chartered, speaks during HK Fintech Week (screenshot)

Markets

Alibaba Affiliate Ant Group Files ‘AntCoin’ Trademark in Hong Kong, Hinting at Crypto Ambitions

While the filing doesn’t confirm a token launch, it shows Ant Group laying legal groundwork to merge its Alipay ecosystem with regulated Web3 and stablecoin infrastructure.

Hong Kong's skyline (Chris Lam/CoinDesk)

Markets

Hong Kong's Securities Regulator Approves First Solana ETF

Hong Kong beats the U.S. to listing a Solana ETF, though J.P. Morgan expects inflows to be modest compared to its BTC and ETH counterparts.

Hong Kong's skyline (Chris Lam/CoinDesk)

Finance

China Financial Leasing Group to Raise $11M for Crypto Investment

China Financial will raise the capital through a new share subscription, issuing over 69 million new shares at a price of 1.25 Hong Kong dollars each.

Hong Kong harbor during a sunrise (Manson Yim/Unsplash)

Finance

DL Holdings Spends $41M In Push to Become Hong Kong’s Top Publicly Traded Bitcoin Miner

The purchase brings DL's mining fleet to 5,195 machines, with a hashrate of 2.1 exahashes per second (EH/s).

Data center servers