In a modern growth, Hong Kong is probably contemplating to discover gold tokenization and AI-blockchain integration to innovate finance and increase digital financial system.
The world’s largest cryptocurrency and Web3.0 occasion, the Consensus Convention, kicked off in Hong Kong on the 18th. Notably, that is the primary time in 5 years that the occasion has been held exterior the US. Hong Kong’s Monetary Providers and Treasury Bureau Director, Xu Zhengyu, revealed that town is exploring gold tokenization and advancing digital finance to drive participation in the actual financial system.
On the Consensus Convention, Xu Zhengyu highlighted Hong Kong’s rising position within the digital asset market, sharing thrilling developments shaping the way forward for finance.
He revealed that Hong Kong is exploring gold tokenization, which blends bodily gold with blockchain tech to supply buyers extra flexibility and safety, aiming to revolutionize the monetary market. Moreover, town is pushing for digital finance to combine extra with the actual financial system, together with supporting cross-border funds. One other key development is the fusion of AI with blockchain and Web3 applied sciences, strengthening Hong Kong’s digital infrastructure for the long run.
In an interview with a Hong Kong newspaper, Michael Lau, chairman of Consensus Hong Kong, defined that the frequent capital flows in Asia and the proximity of Hong Kong to many main Asian markets made Hong Kong the proper selection for this 12 months’s convention. He emphasised that Hong Kong’s clear regulatory framework and gifted workforce provide important potential for development in digital property and Web3.0.
The three-day occasion is ready to attract 8,000 international members from the cryptocurrency, blockchain, and Web3.0 sectors, all coming collectively to discover the way forward for the digital asset trade.
