Hong Kong Cyberport has launched pilot projects for stablecoins and digital assets

Odaily Planet Daily News At the 2025 Digital Entertainment Leaders Forum (DELF), Dr. Zheng Songyan, CEO of Cyberport, said that with the official entry into force of the Hong Kong Stablecoin Ordinance on August 1, Cyberport has gathered nearly 290 technology companies covering blockchain, smart contracts, data auditing and network security, forming a digital asset technical support network for the mainland, Hong Kong and overseas, providing full-chain support for stablecoin and RWA (physical asset tokenization) businesses. In order to balance supervision and market innovation, Cyberport launched a pilot project for stablecoins and digital assets, screening out 9 cross-industry cases (covering finance, logistics, medical care, etc.) from more than 200 applications. Through end-to-end scenario verification in issuance, retail, anti-money laundering and other links, a replicable industry template is formed and regulatory reference and technical support is provided to the government. Zheng Songyan said that the pilot explores digital asset innovation in the "regulatory sandbox" model, with the goal of preventing risks and promoting development at the same time, and helping Hong Kong build a global Web 3 technology hub. (TMT)