Hong Kong Web3 Weekly Highlights: The Central Bank of the United Arab Emirates and the Hong Kong Monetary Authority Hold Third Meeting to Deepen Financial Cooperation and Market Connectivity

Welcome to Techub News’s “Hong Kong Web3 Weekly Highlights.” In this issue, we will review major events and developments in Hong Kong’s Web3 sector 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 Hong Kong’s Web3 industry.

Hot Highlights

Hong Kong Chief Executive Policy Group Holds Digital Finance Roundtable to Discuss High-Quality Development and Building a “Financial Powerhouse”

According to Sing Tao Daily, the Hong Kong Chief Executive Policy Group held a digital finance roundtable, with participants including research teams from the People’s Bank of China Financial Research Institute, members of the Web3.0 Development Task Force, and former HKMA Chief Executive Norman Chan…

OSL HK Launches USD Stablecoin RLUSD Supporting Professional Investors and OTC Services

According to Wen Wei Po, OSL Group’s licensed digital asset platform in Hong Kong, OSL HK, officially launched the USD stablecoin RLUSD today, becoming the first exchange in Hong Kong to support this currency…

Victory Securities in Hong Kong Has Suspended Cryptocurrency Trading for Mainland Chinese Users

Victory Securities in Hong Kong officially closed all cryptocurrency trading functions for Mainland Chinese users starting from the afternoon of February 9, 2026, retaining only withdrawal rights and no longer supporting deposits or new trades. This is part of the platform’s ongoing measures to tighten services for mainland users…

Li Weihong: Government Should Actively Promote Gold Asset Tokenization

According to Wen Wei Po, Hong Kong Legislative Council member Li Weihong stated that the government should vigorously promote gold asset tokenization to enhance Hong Kong’s competitiveness as an international financial center. He urged the HKMA to require banks to maintain a friendly attitude towards precious metals and digital asset operators…

John Lee: Hong Kong Strives to Become a Global Digital Asset Innovation Hub, First Stablecoin Issuer Licenses Expected Next Month

Hong Kong SAR Chief Executive John Lee, in a video speech at Consensus 2026, said that Hong Kong is actively building into a global digital asset innovation center. He pointed out that Hong Kong benefits from the rule of law, independent judiciary, common law system, free capital flow, and low tax advantages…

Carrie Lam: Hong Kong Plans to Open Perpetual Contracts, Virtual Asset Margin Financing, and Relax Market Maker Restrictions

Hong Kong Securities and Futures Commission (SFC) CEO Julia Leung announced three major regulatory initiatives at Consensus 2026 to further improve the virtual asset ecosystem. First, licensed brokers will be allowed to provide margin financing services to creditworthy professional clients…

Yip Chi-hing: HK SFC Launches “Regulatory Accelerator” Tender to Introduce Third-Party Service Providers for Enhanced Interaction

According to Techub News, Yip Chi-hing, Executive Director of the SFC’s Intermediaries Division, announced at Consensus 2026 that the SFC has officially released the “Accelerator” (SFC Accelerator) tender documents and has begun the bidding process…

Legislator Chan Yung: Hong Kong Focused on Compliance and Innovation, Aiming to Set Global RWA Development Benchmark

According to Ta Kung Pao, legislator Chan Yung wrote that real-world assets (RWA) are an inevitable product of global economic transformation, converting valuable real-world assets into tradable digital certificates on the blockchain using blockchain technology…

HK SFC Releases New Guidelines Allowing Licensed Virtual Asset Brokers to Offer Margin Financing and Perpetual Contracts

The SFC officially issued new guidelines today, permitting licensed brokers providing virtual asset trading services to offer margin financing to securities margin clients, provided they have sufficient collateral and robust investor protection measures…

Wu Jie-zhuang: Hong Kong Should Establish a Dedicated Agency to Coordinate Digital and Crypto Asset Development

According to a tweet by Hong Kong legislator Wu Jie-zhuang, Hong Kong’s gradually relaxed policies will help licensed companies and practitioners fully realize their potential. The Chief Executive has announced that the first stablecoin issuer licenses are expected to be issued starting in March, further boosting social recognition and practical application of Web3…

Wu Jie-zhuang: Hopes Government Will Promote Cryptocurrency Adoption via Stablecoin Airdrops

In an interview on 78 HOY’s “Finance Chat,” legislator Wu Jie-zhuang said that Hong Kong will issue its first stablecoin issuer licenses in March and hopes the government will promote cryptocurrency use through stablecoin airdrops. He noted that three years ago, the government distributed HKD 10,000 electronic consumption vouchers to each citizen, significantly popularizing digital payments…

Domain Investor Cai Wensheng Acquires CAI.com, Deeply Deploying Hong Kong’s Crypto + AI Dual Tracks

Domain investor Cai Wensheng has acquired the domain CAI.com, registered in 1990, which can be interpreted as an abbreviation for Crypto + AI, covering two trillion-dollar sectors. Cai Wensheng stated that this acquisition is an important part of his strategic layout in Crypto + AI…

UAE Central Bank and HKMA Hold Third Meeting to Deepen Financial Cooperation and Market Connectivity

The UAE Central Bank and Hong Kong Monetary Authority held their third meeting in Abu Dhabi, hosted by H.E. Khaled Mohamed Balama and HKMA Chief Executive Yu Wei-wen. The meeting focused on cross-border debt capital market connectivity, digital assets, tokenization, and CBDC development…

Ethereum Foundation Launches Chinese Version of Institutional Website and Opens Hong Kong Community Center

The Ethereum Foundation announced on Twitter that it has launched a Chinese version of its institutional website to facilitate global builders and institutional leaders to participate more conveniently in Ethereum ecosystem development…

HKMA: By 2026, Focus on “DART” Four Pillars to Make Hong Kong a Future Fintech Hub

The HKMA released its 2025 banking system review and 2026 work priorities. The HKMA stated that in 2025, the banking system remained generally stable and highly resilient…

Hong Kong Institute of Certified Public Accountants President Lo Cheuk-yuen: Stablecoin Accounting Guidelines Expected Within 6 Months

According to Hong Kong Economic Daily, CPA Hong Kong President Lo Cheuk-yuen said the institute is developing virtual asset accounting guidelines, with the first part already issued. The second part, involving stablecoin audit requirements, is under discussion with the HKMA…

HKU Vice President: Digital Renminbi Has Experimentally Participated in Settlement in Hong Kong’s Digital Asset Market

According to Wen Wei Po, HKU Vice President Wang Yang wrote that digital RMB has been tentatively involved in settlement in Hong Kong’s digital asset market. Besides traditional settlement methods, primary issuance of HKD and RMB bonds is among the first globally to incorporate digital RMB and digital HKD in settlement procedures…

VDX Receives Virtual Asset Service License from HKMA

Hong Kong digital asset trading platform VDX announced that Victory Fintech Company Limited has obtained a license from the SFC under the Securities and Futures Ordinance, authorized to conduct Type 1 (securities trading) and Type 7 (automated trading services) regulated activities…

Industry Insights

a16z Partner: Stablecoins Are Coming of Age Like WhatsApp

The internet has enabled the globalization of information. Cryptocurrency (Crypto) is similarly impacting money. While recent headlines may still focus on Bitcoin prices, a deeper and more lasting transformation is quietly underway in digital payments. This year, stablecoins (cryptocurrencies pegged to assets like USD) are becoming mainstream for online payments and international settlements.

Everyone is Cutting Jobs for Winter, Why Is Tether Buying Land and Gold Like Crazy?

2026 has started colder than expected. After a long downturn, spring seemed within reach, but reality brought an unexpected “cold snap.”

It’s like seeing builders boast on Twitter, only to find them secretly changing their status to “Open to work” on LinkedIn.

Recent news shows even Jack Dorsey, the Bitcoin fundamentalist and co-founder of Twitter, can’t hold out. Bloomberg reports that Block (formerly Square) is planning layoffs, cutting 10% of staff. Even giants in payments, holding cash cow apps like Cash App, are trimming staff for “efficiency.”

BlackRock Bets on UNI, Analyzing Business Logic of Collaboration with Uniswap

On February 11, BlackRock announced it has deployed its approximately $2.2 billion tokenized government bond fund BUIDL onto the UniswapX protocol for on-chain trading.

Meanwhile, BlackRock confirmed it has purchased Uniswap’s native governance token UNI. While the amount was not disclosed, this marks the first time a financial giant managing $14 trillion in assets has directly exposed its balance sheet to DeFi governance tokens.

Hong Kong SFC Releases Three New Virtual Asset Regulations, Stablecoin Licenses Expected in March, Crypto Regulation Upgrades Again

While the global crypto market remains sluggish and US crypto legislation stalls, Hong Kong is steadily advancing its virtual asset policies.

Yesterday, at Consensus 2026, Hong Kong SAR Chief Executive John Lee stated that Hong Kong is actively building into a global digital asset innovation hub. The government released Digital Asset Development Policy Declaration 2.0 in June last year, and implemented the Stablecoin Ordinance in August, establishing a licensing system for fiat-backed stablecoin issuers. The HKMA is currently processing applications, with the first stablecoin licenses expected to be issued next month.

Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows

According to ichaingo data, last week Hong Kong Bitcoin spot ETF had a net redemption of 31.25 units, with total holdings worth about $254 million, a decrease of approximately $4 million; Ethereum spot ETF saw a net subscription of about 302.96 units, with total holdings worth about $59.48 million, a decrease of approximately $1.25 million.