The Hong Kong crypto and blockchain industry has grown massively in the past two years. A new report by InvestHK and its partners has shown that the number of blockchain application and software companies in the city has increased by 250% since 2022.
Many companies in wealth tech, blockchain, digital assets, and payments have also grown in Hong Kong, strengthening their position as global crypto powerhouses in Asia.
Hong Kong Emerges As A Fintech Hub
Hong Kong has emerged as a top financial hub, ranking first in Asia-Pacific and third globally in the Global Financial Centers Index. The city is home to 175 blockchain companies, making it a major fintech player. The government has been investing in fintech since 2015, helping it grow.
Artificial intelligence (AI) also plays a big role in fintech. The report revealed that more than 73% of fintech companies in Hong Kong use AI in their work.
Many companies in the region have joined innovation programs to develop new ideas. Experts predict Hong Kong’s fintech market revenue could reach $606 billion by 2032.
Hong Kong Provides Clear Crypto Regulations
Hong Kong’s blockchain and fintech growth comes from government efforts to support businesses. In October 2022, the Financial Services and the Treasury Bureau introduced policies recognizing the value of virtual assets and blockchain technology.
This helped the crypto sector grow by nearly 30%. In June 2023, the authorities created a new licensing system for virtual asset trading platforms (VATPs) to ensure fair regulations. By February 2025, Hong Kong had 10 licensed platforms, with eight more awaiting approval.
Hong Build A Stronger Digital Asset Market
Hong Kong has also taken big steps to become a leader in the crypto industry. In December 2022, the city launched Asia’s first Bitcoin and Ethereum futures ETFs. Following this, the region issued the world’s first tokenized green bond in February 2023, and another round of these bonds was released in February 2024.
In April 2024, Hong Kong regulators made history again by launching the first spot Bitcoin and Ethereum ETFs in Asia. Notably, Hong Kong is not slowing down. In February 2025, the Securities and Futures Commission introduced a 12-step plan called ASPIRe as the government vowed to remain open to digital assets.
These moves have attracted investors and institutions that want to invest in digital finance while following clear regulations.
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