The Scoop Talent is flooding from Asia gaming companies to crypto, says HashKey Capital exec
Nov 3, 2023
Jupiter Zheng, Partner of Liquid Funds & Research for HashKey Capital, discusses the momentum of the crypto industry in Asia, especially in Hong Kong. They explore Hong Kong's transition to Web3 technology and the key players in the crypto industry. They also touch on the introduction of a stablecoin built on Ethereum by USD PayPal, market narratives, portfolio positioning, and predictions for the future of crypto in Hong Kong and Asia.
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Hong Kong's Web3 Emergence
- Hong Kong is becoming a promising Web3 hub due to mature regulatory frameworks and government support.
- The city is targeting to be a financial and innovation center with strong involvement in Web3 over the next 3 to 5 years.
Hong Kong's Crypto Strategy
- Hong Kong seeks new economic growth drivers amid slowing GDP and increased competition from Singapore.
- It leverages a favorable legal structure to adopt Web3 and attract innovation and talent.
Key Players in Hong Kong Crypto
- Key crypto players in Hong Kong include HashKey Group, OSL, and established projects like Animoca Brands.
- Hong Kong supports both licensed trading firms and asset management funds catering to crypto investments.