Hong Kong Financial Secretary to Chair Web3Hub Fund Supporting Web3.0 Companies

Hong Kong Financial Secretary Paul Chan Mo-po will serve as the Chairman of Web3Hub Fund, which will support more overseas Web3.0 companies to settle in Hong Kong. The fund will be managed by a committee of experts from the fields of fintech, blockchain, and cryptocurrency. The establishment of the Hong Kong Web3.0 Association was also announced on April 11. The fund will collaborate with organizations such as the Hong Kong Science and Technology Park and the Innovation and Technology Bureau to provide one-stop services for overseas Web3.0 companies.

The fund has received applications from various Web3.0 projects in the United States, Europe, Singapore, and other regions, which involve areas such as decentralized finance (DeFi), non-fungible tokens (NFT), metaverse, and decentralized social media (Dsocial). The fund plans to start investing and supporting these projects in the second half of this year.

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