Cyberport: Blockchain and digital asset pilot funding program has selected 9 companies.

Li Yizheng, Director of Blockchain and Digital Assets at Hong Kong Cyberport, said that the first phase of the "Blockchain and Digital Assets Pilot Funding Program" has received more than 200 applications, exceeding expectations. The applications cover various areas such as RWA tokenization, stablecoins and payment solutions, Web3.0 security and risk management. Currently, 9 enterprises have been selected, including 5 in the RWA field, 1 in the payment field, 2 in the security field, and 1 in the smart living field. She mentioned that the pilot tasks have been mostly completed and are now in the final stage of verification. Nearly half of the pilot products and services have been successfully launched or are about to be launched, with the initial asset size involved exceeding HK$120 million. The "Blockchain and Digital Assets Pilot Funding Program" launched by Cyberport aims to support blockchain and Web3.0 projects with the potential to become industry benchmarks, providing funding of up to HK$500,000 (with a maximum subsidy of 80%) to test innovative solutions such as RWA tokenization and stablecoins in real environments, to promote technology application and attract sponsorships from large institutions. As a bridge connecting startups and large institutions, this program provides the industry with the opportunity to experiment, drive innovation application, and promote industry-wide upgrades. Currently, Cyberport has gathered more than 300 blockchain and digital assets-related companies. Li Yizheng stated that Cyberport's investor network includes more than 220 investment institutions, covering venture capital funds, family offices, private equity funds, and has cooperated with multiple blockchain underlying protocols to build a complete industry ecosystem. Regarding the second phase of the program, she expressed that due to the successful results of the first phase, they hope to continue launching the second phase to provide more support to the market. The specific implementation timeline is still under progress. In the future, Cyberport will continue to work with national and SAR governments to develop strategies, collaborate with the industry and regulatory agencies, provide comprehensive support for blockchain and digital asset companies through various programs and support projects, organize exchange activities, promote industry development, nurture professional talents, enhance public awareness of blockchain and digital assets, and accelerate the development of the industrial ecosystem in Hong Kong.