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BTC $66,392.87 -4.87%
ETH $1,925.79 -5.43%
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SOL $79.04 -6.69%
TRX $0.2761 -0.66%
DOGE $0.0898 -3.99%
ADA $0.2551 -3.43%
BCH $515.52 -1.12%
LINK $8.24 -4.46%
HYPE $29.42 -3.07%
AAVE $106.27 -3.42%
SUI $0.8853 -5.48%
XLM $0.1525 -4.05%
ZEC $234.63 +0.21%

cyberport

Hong Kong Cyberport: Has launched a stablecoin and digital asset pilot project

ChainCatcher news, Dr. Zheng Congyan, CEO of Cyberport, stated that with the Hong Kong stablecoin regulations coming into effect on August 1, Cyberport has gathered nearly 290 technology companies in fields such as blockchain, smart contracts, data auditing, and cybersecurity, forming a digital asset technology support network covering mainland China, Hong Kong, and overseas, providing full-chain technical support for stablecoin and RWA (real-world asset tokenization) businesses.To balance regulation and market vitality, Cyberport has launched a stablecoin and digital asset pilot project, selecting 9 cross-industry cases (covering finance, logistics, healthcare, etc.) from over 200 applications, validating end-to-end scenarios (including issuance, retail, anti-money laundering, etc.), creating replicable industry templates, and providing technical challenges and regulatory references to the government. Zheng emphasized that this pilot aims to explore the "regulatory sandbox" model, which both mitigates risks and promotes innovation, helping Hong Kong become a digital asset technology hub.Currently, Cyberport has attracted the participation of U.S. data auditing companies, Zhejiang University blockchain teams, and mainland virtual currency tracking companies, and will continue to collaborate with the government to build a healthy ecosystem, enhancing Hong Kong's global competitiveness in the Web3 field.

Hong Kong Cyberport launched the "Blockchain and Digital Asset Pilot Grant Scheme," with a maximum funding amount of HKD 500,000

ChainCatcher news, Hong Kong Cyberport has launched the "Blockchain and Digital Asset Pilot Funding Scheme," which is now open for applications. This scheme will provide funding support for enterprises in the development stage to test high-impact blockchain and digital asset solutions. Each eligible pilot project can receive 80% funding, with a maximum funding amount of HKD 500,000. The funding will be disbursed in two phases, with the first phase being the startup funding, and the second phase of funding will be released after the project completes the pilot test and is confirmed by the sponsoring organization. The application period for the scheme ends on August 1.The scheme covers multiple areas, including RWA tokenization, stablecoins and payment solutions, decentralized identity, Web3 security, distributed AI/machine learning (ML), as well as social innovation and digital experience. Enterprises need to have a sizable institution as their sponsor to demonstrate that their pilot project has commercialization potential. Applicants must be companies or research institutions that are registered and operating in Hong Kong and must meet the relevant application eligibility requirements. The proposal must have a direct connection to recognized Web3 fields and must address actual problems faced by relevant institutions in Hong Kong, proposing innovative and market-unavailable solutions.
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