Hong Kong venture capitalists rush to the beach! Blockchain's $100 Billion Race Track Leads to a New Round of Funding Frenzy

Global Blockchain Market Soars 53% Hong Kong Becomes Asia's Innovation Hub

As the global fintech blockchain market soars from US$1.4 billion in 2022 to an estimated US$43 billion in 2030, Hong Kong is positioning itself as the "Blockchain Hub of Asia" at an alarming rate - as revealed in a new report by the government think tank, the Financial Services Development Council (FSDB), "Unlocking the Potential of Blockchain: Enhancing the Development of Hong Kong's Financial Services Sector": the international financial city has identified three strategic opportunities, from carbon trading centers to stable currency issuance, that are revolutionizing the traditional financial system. The latest report by the Financial Services Development Council (FSDB) reveals that this international financial city has identified three strategic opportunities, from carbon trading centers to stable currency issuance, a revolution that is turning the traditional financial system upside down is now taking place.

Hong Kong's Battle of the Bulge: Government Takes the Lead to Spark Blockchain Adoption Scene

"If Hong Kong is to become a rule maker in the Web 3.0 era, we must break through at the policy end! The FSDC report goes straight to the heart of the matter. The Policy Address 2023 has already laid down the key ambiguities - the "100 Digital Government Programs" will be launched in 2024, and blockchain technology will be fully applied to electronic license issuance and cross-border data verification.

What is even more important is that the Hong Kong Government is brewing up two major鐧(鐧):

1. "Utilities First" Strategy: Water, electricity, transportation and other livelihood systems take the lead in introducing blockchain technology to create an ecosystem of applications for all people
2. "Stabilized currency regulatory sandbox.": Establishing the world's first regulatory framework for the tokenization of real-world assets (RWAs)

This wave of policy dividends directly ignited the capital market. Japanese game giant Bandai Namco joined hands with Sega to invest US$20 million in Oasys, a dedicated game chain; Planetarium Labs, which is led by Animoca Brands, has also secured US$32 million in Series A financing, aiming at a decentralized game economy model.

Carbon Trading + Digital Identity Hong Kong Hides Two Trump Cards

While countries are still debating the carbon standard, Hong Kong has quietly built up a technological moat as "Asia's carbon trading platform on the chain". The report reveals that the HKMA is testing the monetization of carbon credits and real-time cross-border settlement through smart contracts. Industry insiders analyzed, "This will completely solve the pain point of insufficient liquidity in the carbon market, and Hong Kong is expected to eat up the carbon trading traffic of 80% in Southeast Asia."

Another trump card is the "Autonomous Digital Identity System". Drawing on the experience of Switzerland's Lugano digital city, Hong Kong plans to uplink data such as identity verification and academic credentials. Once this system is in place, the time it takes to open a cross-border account will be shortened from seven days to seven minutes - this is the fundamental reason why multinational banks such as JP Morgan and HSBC are frantically scrambling for blockchain talent.

Venture Capital Hot Money Flow Exposed: GameFi + Infrastructure Becomes a Black Hole for Money Sucking

Looking at the latest financing data, Hong Kong's capital market shows a clear "dumbbell structure":

• Bottom EndLayer1 Public Chain Linera Receives $6 Million from a16z, Slicing Technology Compresses Transaction Confirmation to 0.1 Seconds
• Application SceneBuiltopia, a meta-universe creation tool, picks up a $10 million investment from Shunwei Capital, boosting 3D space modeling efficiency by 3,00%

The craziest of them all is the GameFi circuit. German game developer Klang Games just closed a US$41 million round of funding for its Seed meta-universe, which allows players to "keep earning offline", while Crypthulhu Studios, a chain-game studio, made US$3 million a month with its Dimension X project. It is worth noting that Hong Kong Cyberport has incubated 12 native Web3 game enterprises, among which Ring Games, the developer of Stella Fantasy, has just completed a US$5 million financing, and is expected to launch its first 3A chain game in August.

Five Policy Proposals Revealed Hong Kong to be a 'Regulatory Breaker'

In order to remove the obstacles to development, the FSDC has put forward five major reform proposals that have shaken up the industry:

1. Establishment of an interdepartmental "Blockchain Surveillance Task Force".: Integrate the resources of HKMA, SFC and FSTB to establish "Regulatory Sandbox 2.0
2. Launching the "Blockchain Literacy Program for the Whole Community: Include smart contract programming in the compulsory curriculum of secondary schools and train 5,000 professionals each year.
3. Establishment of HK$1 billion Web 3.0 Application Fund: Focus on supporting cross-border payment, supply chain finance, etc.
4. Creating a "Compliant DAO Demonstration Zone in Asia".: World's First Judicial Guidelines for Decentralized Autonomous Organizations
5. Launch of the RegTech Recognition System: Balancing Compliance and Privacy with Zero Knowledge Technologies

These innovations have already had an academic impact - Tether, the world's largest stablecoin issuer, has announced the setting up of its Asia-Pacific headquarters in Hong Kong, and the Hong Kong Securities and Futures Commission has made a breakthrough by approving the first STO (Securities Token Offering) project, with a fundraising target of US$500 million.

Expert Prediction: 2024 will be the "Year of Blockchain Application Explosion" in Hong Kong

"Hong Kong is transforming from a regulatory follower to a rule maker." While New York and Singapore are still grappling with the regulation of cryptocurrencies, Hong Kong has already set its sights on a higher-dimensional battlefield - reshaping the global capital flow model through "Blockchain + Real Assets"," said the report's lead team. From carbon trading to real estate monetization, from digital Hong Kong dollars to cross-border trade settlement, the Pearl of the Orient is weaving a multi-trillion dollar on-chain financial network.

The biggest mystery left to the market has already been revealed: while traditional VCs are still watching, Sequoia Capital, Animoca Brands and other organizations have already made heavy investments. The next unicorn may be hiding in a lab in the Hong Kong Science Park.

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