Fireblocks to Showcase at Radical Finance Asia 2023: Bridging Users to Web3
TechFlow Selected TechFlow Selected
Fireblocks to Showcase at Radical Finance Asia 2023: Bridging Users to Web3
Fireblocks aims to enter the Hong Kong market through compliant and regulated operations, further expanding into Asia's and ultimately the global crypto market, building a bridge for users to access Web3.
Navigating Web3 tides with focused insightsOn May 29, Radical Finance Asia 2023, sponsored by Huobi, was grandly held in Hong Kong. Huobi attended the summit as its sole strategic exchange partner and participated in a fireside chat titled "Beyond Traditional Investments: Exploring the Potential of Digital Assets for Long-Term Institutional Growth" through its relevant executives.
Radical Finance Asia 2023 is an intimate Web3 industry event hosted in Hong Kong by Finoverse—the organizer behind Hong Kong Fintech Week from 2016 to 2022. Centered on the theme "Push beyond the hype and unlock the potential of Web3 & AI in finance," the summit brought together leading industry players such as Huobi, Dragonfly, Amber Group, SEBA Bank, Fidelity, and Token Bay Capital to discuss practical use cases of Web3 and AI and their transformative impact across the fintech landscape.
As a pioneer actively exploring the construction of Web3 gateways, Huobi’s prominent presence at Radical Finance Asia 2023 reflects its dual commitment: first, to actively participate in and advance the development of decentralized finance and blockchain ecosystems, serving as a bridge connecting users to Web3; second, to establish real-world economic impact cases for Hong Kong’s crypto technology and narrative with compliance as its foundation.
During the fireside chat, a Huobi executive noted that an increasing number of traditional financial giants—including PayPal, Goldman Sachs, and JPMorgan Chase—are embracing and expanding their footprint in the crypto market. "Integrating cryptocurrencies into traditional payment systems not only addresses inefficiencies inherent in conventional monetary payments but also enables exploration of more efficient, secure, and cost-effective payment methods. Moreover, the standardized settlement processes these financial powerhouses have refined over time will significantly contribute to the future adoption and application of cryptocurrencies. Additionally, they are opening new research frontiers, raising novel questions around risk management frameworks for these products—specifically, the potential of crypto assets as hedging instruments against equities, bonds, and the U.S. dollar."
Since last year, Hong Kong has successively announced several pro-crypto policies and unveiled its so-called "crypto initiatives." Recently, the Securities and Futures Commission (SFC) of Hong Kong announced it will implement virtual asset regulations starting June 1. As a key participant in the crypto industry, Huobi has consistently expressed strong confidence in the development of Hong Kong's crypto market.
Notably, Huobi is a major investor in Hong Kong’s first Web3 ecosystem fund, actively supporting and accelerating the growth of Hong Kong's Web3 sector. During this year’s Hong Kong Web3 Festival, Hong Kong Web3 Hub announced plans to launch the Hong Kong Web3.0 Ecosystem Fund, aiming to drive the development of Hong Kong's Web3.0 industry through capital investment.
In addition, Huobi is currently applying for a cryptocurrency trading license in Hong Kong and plans to launch a new exchange, Huobi Hong Kong. Following the implementation of new regulations on June 1, Huobi will have an 18-month grace period to operate its exchange in Hong Kong. Within this 18-month window, Huobi may receive approval from the Hong Kong Special Administrative Region government at any time to obtain a license to legally operate an exchange.
Huobi aims to enter the Hong Kong market through compliant and regulated operations, further extending its reach across Asia and ultimately to the global crypto market, building a robust bridge for users to access Web3.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
