Welcome to read the "Hong Kong Web3 Weekly Digest" of Techub News. In this issue, we will summarize significant events and developments in the Hong Kong Web3 field from February 9 to February 22, as well as the latest data insights and detailed event previews, to help you quickly and comprehensively understand last week's progress in the Hong Kong Web3 sector.
Hot News
According to the Sing Tao Daily, the Chief Executive’s Policy Unit held a digital finance seminar, attended by participants including the research team from the People’s Bank of China’s Financial Research Institute, members of the Web3.0 Development Task Force, and the former president of the Hong Kong Monetary Authority, Norman Chan...
According to Wen Wei Po, OSL Group’s licensed digital asset platform in Hong Kong, OSL HK, officially launched the US dollar stablecoin RLUSD today, becoming the first exchange in Hong Kong to support this currency...
Hong Kong Victory Securities officially closed all virtual currency trading functions for users with mainland Chinese identities starting from February 9, 2026, retaining only withdrawal permissions and ceasing to support deposits and new trading. The platform continues to tighten services for mainland users...
According to Wen Wei Po, Hong Kong legislator Li Weihong stated that the government should vigorously promote the tokenization of gold assets to enhance Hong Kong's competitiveness as an international financial center. He urged the Hong Kong Monetary Authority to require banks to maintain a friendly attitude towards precious metals and digital asset operators...
Hong Kong Special Administrative Region Chief Executive Li Jiachao stated in a video speech at the Consensus 2026 conference that Hong Kong is actively building itself into a global center for digital asset innovation. Li highlighted that Hong Kong has the advantages of rule of law traditions, independent judiciary, common law system, free capital flow, and low tax regime...
The Chief Executive Officer of the Hong Kong Securities and Futures Commission, Leung Fung-yee, announced at the Consensus 2026 conference three important regulatory measures to further improve the virtual asset ecosystem. Firstly, allowing licensed brokers to provide margin financing services to creditworthy professional clients...
According to Techub News, Ye Zhiheng, Executive Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission, announced on-site at the Consensus 2026 conference that the Securities and Futures Commission had officially released the tender for the "Accelerator" (SFC Accelerator) program and started the bidding process...
According to Ta Kung Pao, Hong Kong legislator Chan Yong mentioned in an article that Real World Assets (RWA) are an inevitable product of the global economic transformation and upgrading, which through blockchain technology transform valuable real-world assets into digitally tradable certificates on-chain...
The Securities and Futures Commission officially issued new guidelines today, allowing licensed brokers who have been approved to provide virtual asset trading services to offer virtual asset financing services to securities margin clients, on the condition that they have sufficient collateral and robust investor protection measures...
According to a tweet from Hong Kong legislator Wu Jiezhuang, Hong Kong's gradually relaxed policies will help licensed companies and practitioners fully unleash their potential. The Chief Executive has proposed that the first batch of stablecoin issuer licenses will be issued starting in March this year, which will further enhance social recognition and practical application of Web3...
Hong Kong legislator Wu Jiezhuang stated in the 78 HOY consultation program "Finance CHAT" that in March, Hong Kong will issue the first batch of stablecoin issuer licenses, and hopes the government will promote the use of cryptocurrency among all citizens through stablecoin airdrops. Wu pointed out that three years ago, the government's issuance of electronic consumption vouchers of 10,000 yuan per person significantly popularized electronic payments.
Domain investor Cai Wensheng has acquired the domain CAI.com. CAI.com was registered in 1990 and can be interpreted as an abbreviation of Crypto (cryptocurrency) + AI (artificial intelligence), accurately covering two trillion-dollar tracks. Cai Wensheng stated that this acquisition is an important part of his Crypto+AI strategic layout...
The Central Bank of the UAE and the Hong Kong Monetary Authority held their third meeting in Abu Dhabi, co-chaired by H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Eddie Yue, Chief Executive of the Hong Kong Monetary Authority. The meeting focused on cross-border debt capital market connectivity, digital assets, tokenization, and central bank digital currency development...
The Ethereum Foundation tweeted that it has launched a Chinese version of its website for institutions to help global builders and institutional leaders participate more easily in the Ethereum ecosystem...
The Hong Kong Monetary Authority released a review of the banking system's work in 2025 and key work priorities for 2026. The Monetary Authority pointed out that in 2025, the overall banking system remained robust and highly resilient...
According to the Hong Kong Economic Journal, President of the Hong Kong Institute of Certified Public Accountants, Lo Cheok-kin stated that the Institute is formulating accounting guidelines for virtual assets, with the first part released. The second part involves auditing requirements for stablecoins and is under discussion with the Hong Kong Monetary Authority...
According to Hong Kong Wen Wei Po, the Vice President of the University of Hong Kong, Wang Yang, mentioned in an article that the digital RMB has been piloting settlements in the Hong Kong digital asset market, and that the primary issuance of Hong Kong dollar and RMB bonds has not only set traditional settlement methods but is also one of the first globally to apply digital RMB and digital Hong Kong dollars in the settlement process for digital bonds...
Hong Kong digital asset trading platform VDX announced that Victory Fintech Company Limited has been granted a license by the Hong Kong Securities and Futures Commission under the Securities and Futures Ordinance, allowing it to conduct regulated activities under Class 1 (securities trading) and Class 7 (providing automated trading services)...
Industry Observation
The internet has globalized information. Cryptocurrencies are also having a similar impact on currency. While recent headlines may still focus on Bitcoin's price, a deeper, more lasting transformation is quietly taking place in the digital payment space. This year, stablecoins (cryptocurrencies pegged to assets such as the US dollar) are officially becoming the mainstream for online payments and international settlements.
The start of 2026 has been colder than expected. It was thought that after enduring a long downturn, spring was within reach, but the reality has been a sudden "cold wave" instead.
It is akin to scrolling through the lofty proclamations of those "Builders" on Twitter, only to turn and see them stealthily changing their status to "Open to work" on LinkedIn.
Recent news has shown that even Jack Dorsey, the founder of Block and co-founder of Twitter, a staunch supporter of Bitcoin, can’t hold on. Bloomberg reported that Block (formerly Square) has initiated a layoff plan and will cut 10% of its workforce. Even if you are a giant in payments, even holding a cash machine like Cash App, you still must make cuts in the name of "efficiency improvements."
On February 11, global asset management giant BlackRock announced that it would deploy its tokenized national debt fund BUIDL, valued at around $2.2 billion, to conduct on-chain transactions through the UniswapX protocol.
Meanwhile, BlackRock confirmed that it had purchased Uniswap's native governance token UNI. Although the number was not disclosed, this marks the first time this $14 trillion asset management empire has directly exposed its balance sheet to the governance tokens of decentralized finance (DeFi).
While the global cryptocurrency market is sluggish and the US cryptocurrency legislative process is stalled, Hong Kong is steadily advancing the implementation of its virtual asset policies.
Yesterday, at the Consensus 2026 conference, Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, stated that Hong Kong is actively building itself into a global center for digital asset innovation. The Hong Kong government released the Digital Asset Development Policy Declaration 2.0 last June and implemented the Stablecoin Regulation in August of last year, establishing a licensing system for fiat-backed stablecoin issuers. Currently, the Hong Kong Monetary Authority is processing related applications, and the first batch of stablecoin issuer licenses is expected to be issued next month.
Bitcoin & Ethereum Spot ETF Inflow and Outflow in Hong Kong
According to data from ichaingo, last week, the net redemption of Bitcoin spot ETFs in Hong Kong was 31.25 units, with the total value of the ETFs' holdings approximately $254 million, a decrease in holdings value of about $4 million; Ethereum spot ETFs saw a net subscription of approximately 302.96 units, with the total value of the ETFs' holdings about $59.48 million, a decrease in holdings value of about $1.25 million.
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