Hong Kong Blockchain Ecosystem
- Hong Kong Blockchain Ecosystem - July 2020
Announcing the Hong Kong Blockchain Ecosystem by Blockchain.News
What is it?
Powered by Blockchain.News, the Blockchain Ecosystem is the bridge connecting blockchain startups and leading financial institutions across the globe. The ecosystem map will be updated on a monthly basis, and businesses can utilize our network to capitalize on new business opportunities. Blockchain.News facilitates new business opportunities for startups, through our monthly community events, exclusive interviews with industry leaders within the blockchain and cryptocurrency space, and exclusive discount codes with renowned blockchain conferences worldwide.
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Hong Kong Science Park
HKSTP aims to provide support every step of the way to help technology startups turn their dreams to life. To date, there are over 810 technology companies and 8,700 R&D practitioners in HKSTP. In our conversation with Peter Mok, Head of Incubation and Acceleration Programme of HKSTP, Mok explained the significance of STEP, core incubation programme and Hong Kong's unique positioning of FinTech.
Hong Kong Cyberport
Hong Kong Cyberport aims to be the hub for digital technology thereby creating a new economic driver for Hong Kong. As an innovative digital community, Cyberport houses over 380 companies engaged in blockchain, cybersecurity, big data etc. Charles Lam, the senior manager of FinTech and blockchain cluster at Cyberport, shared with us the key indicators of successful startups, Cyberport's collaboration with leading enterprise blockchain solution providers and the blueprint for a Smarter Hong Kong.
Hong Kong Baptist University
Hong Kong Baptist University (HKBU) gained university status in 1994 and is one of the leading universities in Hong Kong. To nurture FinTech talents, HKBU offered Master of Science in Finance (FinTech and Financial Analytics) including electives in blockchain and cybersecurity. In our conversation with Prof. Aris Stouraitis, Department Head of Finance & Decision Sciences at HKBU, Stouratis emphasized the practicability of the FinTech Masters and he offered 5 advice for FinTech graduates.
iHashing Technology Co. Ltd.
Enlighten people with blockchain values - Founded in 2017, and supported by Cyberport HK. iHashing specializes in the development and application of artificial intelligence, blockchain technology, cloud development, and digital marketing. iHashing is committed to provide education, adoption, and application of blockchain technology for mCommerce. Their services currently include: solution and development of IT applications, infrastructural services, Blockchain Software development, Smart Contract Audit, Cryptocurrency trading support, software technology consultation and digital advertisement. Their clients across Asia extend to Hong Kong, Singapore, Malaysia, Vietnam, Thailand, and Taiwan.
Institute of Financial Technologists of Asia (IFTA)
Institute of Financial Technologists of Asia (IFTA) is founded by FinTech professionals in 2017 as a non-profit organization, which aims to lead the global development of FinTech talent with the highest standards of ethics, education and professional conduct. IFTA strived for this goal with the creation of the Chartered Financial Technologist (CFT) and the IFTA FinTech Achievement Award. Paul Pong, the Chairman of IFTA explained the significance of CFT and how IFTA expands to the Asia-Pacific market with 3 key initiatives.
NexChange gathers a global team of experts from finance, technology and media that have come together to design an O2O platform to connect the innovation industry. NexChange aims to foster the blockchain ecosystem via a number of events such as HKBlockchainWeek, FinTechO2O, HealthTechO2O, BlockO2O.
Blockchain Asia provides technical, legal and regulatory advisory services to help clients developing a realistic view of blockchain and how blockchain can be used to improve the efficiency of business operations.
STO Lab is a global business alliance network and eco-system for sourcing and distributing high-quality STO projects in international markets. The consortium consists of corporate members from different industries, key eco-system enablers and service providers along the value chain, and financial institutions and accredited investors. Together with its consortium members, STO Lab aims to derive a multi-country fully compliant ways and best practices in asset tokenization process.
Bitwork is a blockchain community-based company that assists all blockchain companies in the community to develop their unknown market value. Through a Business-to-Business-to-Customer (B2B2C) complete ecosystem model, Bitwork aims to create a channel for the reciprocal transaction of products or services.
UNICEF promotes the rights and wellbeing of every child, in everything we do. Together with our partners, we work in 190 countries and territories to translate that commitment into practical action, focusing special effort on reaching the most vulnerable and excluded children, to the benefit of all children, everywhere.
Blockchain Australia Solutions
Currency.com is the world’s first regulated tokenised securities platform. It’s a one-stop place to trade 1,700+ tokenised assets including stocks, indices, commodities and FX pairs with crypto and fiat at competitive prices. We offer tightest spreads and up to 1:500 leverage. We ensure deep liquidity and split-second order execution (50 M/sec). Cutting-edge trading on charts and 75 accurate technical indicators to spot the best trading opportunities. Currency.com award-winning platform is fully regulated and compliant with the best-in-class security standards.
Huobi Group is a leading global digital asset financial service provider, with cumulative turnover exceeding 1.2 trillion USD as of August 2019. In August 2018, Huobi Group acquired Hong Kong-based listed company Pantronics Holdings Ltd (01611.HK). As one of the leading crypto exchanges, Ciara Sun, Chief of Staff at Huobi Global shared with us the state of crypto exchanges and future plans of Huobi Global.
Huobi Global insights:
OKEx is a world-leading digital asset exchange, providing advanced financial services to traders globally by using blockchain technology. Serving millions of users in over 100 countries, OKEx shared with us the 7 keys to assess IEO projects and emerging crypto markets like Turkey.
Genesis Block Hong Kong
A Hong Kong-based Over the Counter (OTC) trading center of digital assets. Wincent Hung, Director of Genesis Block Hong Kong shared with us Hong Kong's positioning of Bitcoin ATMs and the key for qualified crypto custodians in Hong Kong.
Genesis Block insights:
TideBit is a leading crypto asset exchange supporting fiat currency based in Hong Kong. Founded in February 2017, TideBit is the only digital asset exchange in Hong Kong that accept HKD, USD and EUR deposits and withdrawals. Trusted by millions of users from all over the world which allows TideBit to become one of the largest digital asset exchanges in Asia.
AAX is the world’s first digital asset exchange to be powered by LSEG Technology. Offering OTC, Spot, and Futures trading, quoting more than 70 cryptocurrency pairs and listing 5 perpetual futures contracts for Bitcoin, Ether, Litecoin, XRP, and EOS, which can be traded with up to 100x leverage, AAX provides a secure, deeply liquid, ultra-low latency and fully compliant trading platform.
Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and global liquidity providers. Founded in 2012, Bitfinex was one of the first professional platforms set up to accomodate for the booming interest in cryptocurrency trading. Since then, our team has gained invaluable experience whilst cementing our spot as the go-to platform for digital asset traders and institutions.
A Fintech firm that specialized capital markets software for the digitization of alternative and illiquid assets. During our conversation with Florian Matthaeus Spiegl, COO of FinFabrik, Spiegl explained the importance of asset digitization and the market potential of digital asset-backed securities in Hong Kong.
Coinstreet Partners is an award-winning decentralized investment banking group and consultancy firm in the F.M.T. (Finance, Media & Tech) field, providing a business eco-system for the new era of digital economy. As a leading player in digital asset and FMT (Finance, Media & Technology) areas, Coinstreet focuses on five business segments: Token Finance Consultancy, Digital Asset & Wealth Management, PR Media & Investor Relations, Digital Asset Tokenization & Trading Platform, and Decentralized Finance & DLT Solutions.
As a member of BC Group (Stock code: 863 HK), OSL is Asia's leading digital asset platform providing SaaS, brokerage, custody and exchange services.
iSunOne is a global digital asset management platform, with AUM exceeding 2 billion USD as of December 2019. Providing better banking on blockchain, iSunOne integrates a global crypto debit card, built-in exchange, collateral loan and staking service for seamless one-stop experience. iSunOne users enjoy the safety and privacy to send each other secret messages and photos, as well as simultaneous gifting or instant paying with BTC, ETH, USDT, XTP and 20+ other assets.
GlobalSTOX Limited (GSL) is a rising star fintech company incorporated in Hong Kong. It has been striving to innovate the financial market infrastructures with the cutting-edge technologies, including the Artificial Intelligence (AI), Blockchain, and Internet of Things (IoT) technology. GSL has a strong team including Mr. Alec Tsui, the former Chief Executive Officer of the Stock Exchange of Hong Kong. It currently operates a virtual assets trading platform named APX.HK, fully compliant with the rules and regulations in Hong Kong.
Matrixport, span off from the crypto giant Bitmain and officially established in February 2019, is a one-stop crypto financial services platform offering digital currency trading, institutional custody (branded as "Cactus Custody"), lending as well as asset management to both institutional and retail customers. The digital currencies traded on its platform include bitcoin, bitcoin cash, ethereum, litecoin, Ripple, Tether, USD Coin and many others. Matrixport was co-founded by Jihan Wu and John Ge, who were both mining industry veterans and co-founders of Bitmain.
Hyperledger is an open-source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments. It is a global collaboration, hosted by The Linux Foundation, and includes leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. Similar to The Linux Foundation, Hyperledger has a modular approach to hosting projects. The Hyperledger greenhouse hosts developing business blockchain projects from Hyperledger Labs (seed) to stable code ready for production (fruition). All are invited to contribute to the greenhouse; collectively advancing industry goals of distributed ledger and smart contracts.
Learn more about Hyperledger: https://www.hyperledger.org/
R3 is an enterprise blockchain software firm working with the world's leading financial institutions. R3 launched Corda in 2016 which is the key driver of enterprise blockchain adoption. In our conversation with Carl Wegner, Wegner explained the various initiatives of R3, including Project Lionrock Inthanon, a CBDC initiative announced by the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand.
Founded by Ethereum's co-founder Joseph Lubin, ConsenSys Hong Kong aims to build Ethereum blockchain infrastructure and applications for new economic systems. The company partners with Forbes Global 2000 companies, non-profits and governments to deploy public and private blockchain solutions. Charles d'Haussy, Director of Strategic Initiatives at ConsenSys shared with us the role of ConsenSys on the growing Ethereum and DeFi ecosystem.
Founded in 2015, Input Output HK (IOHK) is an engineering company that builds cryptocurrencies and blockchains for government entities, academic institutions, and corporations. Charles Hoskinson, CEO of IOHK compared the progress of Proof-of-Stake by Ethereum and Cardano and he explained Cardano's effort in Africa in driving mass blockchain adoption.
Based in Switzerland, Cardano Foundation works closely with IOHK to design and build Cardano. In our conversation with Nathan Kaiser, Chairperson (ad interim) of Cardano Foundation explained the state of on-chain and off-chain governance and the state of blockchain regulation.
Cardano Foundation insights:
STO Global-X (STGX) is a Singapore-based technology company that offers an institutional-grade, white-label marketplace solution for broker dealers, licensed institutions and regulated marketing operators. STGX offers end-to-end asset tokenization and life cycle management in a secure and compliant manner, including asset tokenization, initial offering, post-offering management, secondary trading and on-going asset management modules. STGX platform can tokenize a wide spectrum of asset types, including fixed assets, real estate, commodities, derivatives, equities, debts, cashflows and investment funds, etc.
DFINI is a solution provider focused on the decentralized finance sector. We develop decentralized finance solutions that allow established institutions to adopt distributed ledger technology and provide open finance platforms that empower individuals around the world to engage with new and restructured financial systems.
Mars Chain is the product of a well-composed team of seasoned developers and entrepreneurs with vast experience in the blockchain space and the global banking industry. Its businesses include stablecoin, digital currency exchange, mining, media, digital asset management, and more.
BURSTPAY - Eco-friendly & Smart Blockchain Payment Solution, helps mCommerce & users who care about data privacy & ownership, to make a trustless transaction instantly & globally, and to secure & automate your trade or refund by smart contract. Features Easy & Fast - Transact instantly. Get confirmed in minutes. Secure & Fair- Robust BURST Blockchain Payment that Reward & Pay Back. Green - Transaction validates by Solar energy. Borderless - Shop around the World. Reach New Markets. Censorless - No Bank Freezing Accounts. Serverless Solutions. Trustless - No Middleman Platform. No Custody Risks.
Blockchain Solutions Limited
SingularityNET is a full-stacked, decentralized Artificial Intelligence (AI) network that served as an AI-as-a-Service (AaaS) Marketplace. Dr. Ben Goertzel, the mastermind behind SingularityNET, revealed the state of artificial superintelligence, the partnership with PayPal and the future of AaaS marketplace.
A leading property agency in Hong Kong with nearly 40,000 employees and more than 2,000 offices in 39 cities in Mainland China, Hong Kong and Macao. Centaline Property has been a pioneer in PropTech back in 2015, and they collaborated with Microsoft and TFI Blockchain to unveil the first blockchain platform for second-hand property sale and purchase in Hong Kong. Alex Shih, vice chairman of Centaline Group shared with us the role of blockchain to property agents, operations of property agencies and the latest PropTech roadmap of Centaline Group.
Centaline Property insights:
HKAI LAB is a not-for-profit initiative that is fully funded by Alibaba Hong Kong Entrepreneurs Fund (AHKEF). The platform gathers academics, scientists, and entrepreneurs in AI to focus on advancing the frontiers of AI with cutting-edge technologies as well as helping startups to utilize AI technologies. Timothy Leung, Executive Director of HKAI Lab revealed the AI talent shortage in Hong Kong and how Hong Kong can utilize resources to cultivate AI talents in the future.
Exclusive: Why Hong Kong is so Unique in the AI Industry
A British multinational banking and financial services company with more than 1,200 branches and outlets across more than 70 countries. In the era of digital finance, the Virtual Bank of Standard Chartered obtained the virtual bank license issued by the Hong Kong Monetary Authority (HKMA). Deniz Güven, the CEO of the Virtual Bank by Standard Chartered explained interesting concepts like "Heart Share", "Generation Moth" and the significance of them in penetrating the virtual banking market.
Standard Chartered insights:
AMTD is a Hong Kong-based comprehensive financial institution and offers service including investment banking, asset management, and strategic investment. Listed on the New York Stock Exchange in August 2019, Calvin Choi, Chairman of AMTD revealed the success of the Hong Kong homegrown investment bank and the competitive edge of AMTD's virtual bank, in collaboration with Xiaomi.
Deloitte Asia Pacific Blockchain Lab
An accounting organization and globally the largest professional service network by revenue with headquarters in London. Deloitte entered the battlefield of blockchain with the establishment of Asia Pacific Blockchain Lab, bringing advisory in blockchain implementation, audit, taxation for enterprises. Dr. Paul Sin, Leader of Deloitte Asia Pacific Blockchain Lab revealed how we can utilize blockchain at the stage of tech convergence and shared some interesting use cases with the HKMA.
Deloitte Asia Pacific Blockchain Lab insights:
PwC is the second largest professional services firm in the world with headquarters in London. PwC is the first "Big 4" accounting firm to found crypto team, providing advisory services in blockchain and cryptocurrencies. Henri Arslanian, PwC Global Crypto Leader; Felix Kan, Partner of PwC Assurance in Cybersecurity and Lim Shu Ning, Director of PwC Singapore Venture Hub shared with us the latest development of PwC in blockchain, cybersecurity for 2020.
Ernst & Young
Ernst & Young (EY) is a multinational professional service firm headquartered in London. As one of the "Big 4" accounting firms, Jimmy Ong, Asia-Pacific Blockchain Leader at EY shared the key use cases of EY Opschain, blockchain in taxation and the use of zero-knowledge proof in public blockchains.
Founded in 2006, Natixis chose Hong Kong as the Corporate & Investment Banking’s headquarters for the Asia Pacific. Central Bank Digital Currencies (CBDC) has sparked interest in recent months, Dr. Alicia Garcia Herrero, Asia Pacific Chief Economist at Natixis revealed the implication on monetary policy, financial stability brought by CBDCs.
BMI-Coinstreet Digital (BC Digital)
BMI Coinstreet Digital Limited (“BC Digital”) is a BMI Group’s company, a joint venture between BM Intelligence (“BMI”) and Coinstreet Partners. By combining extensive professional experience and industry best practices from traditional capital market and the innovative FinTech eco-system and distributed ledger technology, BC Digital is driving the forefront of the fintech industry by providing professional, fully compliant, one-stop, end-to-end asset tokenization and STO advisory service and solutions.
Blockpass offers digital identity verification for businesses that participate in regulated industries, including crypto wallets and exchanges, virtual banks, traditional financial institutions and gaming.
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world. We are a pioneer in serving technology clients and companies that use technology, having established a presence in the heart of Silicon Valley over 50 years ago. Our Hong Kong-based Blockchain and Digital Assets group offers strategic advice on a global basis to address the needs of companies implementing blockchain technology solutions and creating and deploying digital assets.
Swartz, Binnersley & Associates is an award-winning grass roots Hong Kong law firm boasting comprehensive corporate and dispute practices. Our partners have over 40 years of combined experience in Hong Kong having served clients locally and globally. We are committed to supporting start-ups through to large international companies, and aim to make your business, our business. We deliver comprehensive and clear-cut advice. Our corporate team specialises in fintech and regulatory matters, where we are well placed to assist emerging companies structure and launch compliant, licenced operations. We have worked with clients on various instructions, such as regulatory related matters on behalf of boutique investment firms, series fundraising on behalf of emerging telecommunication companies, and structuring advice for Securities & Futures Commission and Hong Kong Monetary Authority licenced entities.