This article was first published on Stories by OAX on Medium
Bringing Digital Asset Trading to Mainstream — Hong Kong as Blockchain Hub
By Amanda Liu, General Manager, OAX Foundation
Since the beginning of the OAX project nearly two years ago, our community members, who come from all over the world, have often asked why we chose Hong Kong as our base. So this week we’d like to give you an idea of how vibrant things are here within the local Fintech and blockchain community.
Last month, The Fintech Association of Hong Kong, the organization representing Fintech in the city, released a report outlining its suggestions to both policymakers and businesses for the development of Fintech in the Greater Bay Area. This is a region consisting of 11 major cities that make up China’s Pearl River Delta, including Hong Kong, and which is being transformed into an economic cluster that can compete with other economic zones like the San Francisco Bay Area or Greater New York.
The report provides a wideranging review of the local Fintech scene and touches on new technologies from wealthtech to AI and from big data to digital banking. One theme that resonates strongly with us is the Association’s view that the Greater Bay Area has the potential to lead the world in technology and finance, including the application of blockchain to areas such as trade finance and e-trade.
Calling the region “a hotbed for Fintech innovation”, the report cites Hong Kong’s international financial system as a key factor that will help propel the region towards this goal, along with China’s “abundant source of human capital and booming consumer marketplace.”
At OAX Foundation we couldn’t agree more. Our founders and the wider team have always firmly believed that as this region continues to evolve into a world-leading Fintech powerhouse, Hong Kong will play an increasingly central role. And with ...
To keep reading, please go to the original article at:
Stories by OAX on Medium