Cointime

Download App
iOS & Android

Hong Kong is On the Path to Become a Hub for Crypto Capital Markets, CEO of RockTree Capital

Omer Ozden, CEO of RockTree Capital, urged Hong Kong regulators and financial institutions to continue to embrace Web3 in order for it to become a hub for crypto capital markets increasing  Hong Kong’s global competitiveness.

“Hong Kong, just like New York and Singapore, is a center of TradFi capital markets and thus is well-suited to be a hub for crypto capital markets and Web3 development, since the earliest use-cases in Web3 have been financial. Significant members of the U.S. Web3 community have moved from San Francisco to New York because of this truism, and I see a similar future for Hong Kong.” said Ozden. He further stated that the recent favorable regulatory advancements in Hong Kong will be seen as a major milestone in the development of Web 3.0, promoting industry collaboration and interest from global investors. 

Comments

All Comments

Recommended for you

  • Cointime May 3rd News Express

    1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
  • HKEX: Accepts BOS HashKey, Huaxia, Harvest Bitcoin and Ethereum ETFs as eligible securities for multiple counters in the central clearing system

    On April 27th, the Hong Kong Stock Exchange issued three notices, announcing the inclusion of Bo Shi HashKey Bitcoin ETF shares and Bo Shi HashKey Ethereum ETF shares, Huaxia Bitcoin ETF shares and Huaxia Ethereum ETF shares, and Jia Shi Bitcoin Spot ETF shares and Jia Shi Ethereum Spot ETF shares as Central Clearing System multi-counterparty eligible securities. It is reported that:
  • Hong Kong Investment Commission: Virtual asset spot ETFs can be bought and sold through banks

    Hong Kong investors and the Financial Education Committee have stated that the investment scope of spot virtual asset ETFs is limited to virtual assets (currently limited to Bitcoin and Ethereum) provided to the Hong Kong public for buying and selling on virtual asset trading platforms holding China Securities Regulatory Commission licenses. Trading counterparties must buy and sell virtual assets through licensed virtual asset trading platforms to reduce counterparty risks. Asset custody must be entrusted to designated institutions regulated in Hong Kong, such as licensed virtual asset trading platforms, banks, or their subsidiaries registered in Hong Kong, to reduce custody risks. Investors can buy and sell virtual asset spot ETFs through securities firms or banks. Some virtual asset spot ETFs also provide non-listed fund unit categories, which operate similarly to non-listed funds. Investors can apply for and redeem units through securities firms or banks.
  • Hong Kong Customs cracked a HK$1.8 billion money laundering case involving a virtual currency trading platform

    Hong Kong Customs has reported a successful crackdown on a major money laundering case, involving a staggering HKD 1.8 billion. According to preliminary investigations, a criminal group consisting of three individuals processed over 1,000 suspicious transactions between June 2021 and July 2022 through the establishment of multiple shell companies and bank accounts, including a significant amount of suspicious fund transfers from virtual currency trading platforms. This indicates that the criminals tried to launder their illegal proceeds by taking advantage of the anonymity of virtual currencies. Currently, Customs has arrested three key members of the criminal group, seized the assets of the involved companies, and confiscated a large number of criminal tools, including mobile phones, company seals, and bank cards. The case is still under further investigation, and more suspects may be arrested. This case once again sounds the alarm, reminding the virtual currency industry to increase vigilance and strictly comply with anti-money laundering regulations.
  • Cointime April 23th News Express

    1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
  • Cointime April 5th News Express

    1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
  • An introduction to Composable Culture, what it is and why it matters

    The current landscape of emerging technologies like blockchain, web3, ai-related solutions and others is paving the way for what I see as the rise of composable culture (or modular culture as one of my peers said1). While I have been hinting the concept in my writings before, an explanation of why an there should be an umbrella term, what are it’s characteristics and advantages is needed.
  • Token Evolution: Uncovering Diverse Applications in the Current Digital Landscape

    In this collaborative research endeavor, the Global Crypto Research (GCR) and Friends With Benefits (FWB) unite to present a comprehensive examination of Decentralized Autonomous Organization (DAO) tokens and their contemporary landscape. Despite the burgeoning interest and investment in DAO tokens, their utility and application remain constrained by a spectrum of technical, regulatory, and operational challenges. Our primary objectives are to explore potential use cases for DAO tokens and propose a roadmap for their future evolution. Through this collaborative inquiry, we seek to foster a deeper understanding of DAO tokens, catalyzing innovation and facilitating more robust, versatile, and equitable applications in the digital economy.
  • Surviving Crypto Cycles

    In the first 2 months of 2021, crypto prices have already doubled and continue to hit new all-time highs. Bitcoin has crossed $1 trillion in market capitalization. Pixelated crypto art regularly sells for millions. Senators even have lasers for eyes! Euphoria abounds.
  • Find a husband using this very simple DeFi strategy (it worked for me!)

    This week I’ve just been having a lot of fun with DeFi again, so I decided to finally share this story