HashKey Exchange CEO Livio: The institutional era of Web3 in Hong Kong is approaching a boiling point
We also hope to collaborate with traditional financial enterprises to jointly usher in the institutional era of Web3 in Hong Kong.On the afternoon of October 31, HashKey Exchange, Hong Kong's largest licensed virtual asset exchange, partnered with the Greater Bay Area Financial Professionals Association to hold a high-end institutional summit in Hong Kong's Central Trading Square themed "How Global Changes Affect Asset Allocation." Attendees included Dr. Hong Wen, a member of the Hong Kong Legislative Council, Dr. Xiao Feng, Chairman and CEO of HashKey Group, Wang Long, President of the Greater Bay Area Financial Professionals Association, and Livio Weng, COO of HashKey Group and CEO of HashKey Exchange, who delivered speeches.
"Web3 and traditional finance have long seemed distinctly separate, but in reality, they are not in competition; rather, they complement each other," Livio Weng pointed out. "Web3, to some extent, serves as a technological supplement that helps traditional finance reduce transaction costs. In the future, Web3 and traditional finance can integrate better, pooling our strengths to elevate the industry to a higher level."
As the U.S. elections approach, many candidates' promises have become focal points globally, including proposals to reduce regulation on Bitcoin and to adopt Bitcoin as a national strategic reserve currency. "This won't be bad for the entire industry; regardless of who is elected, it will likely promote the development of Web3," Livio Weng stated. "This means Web3 is being recognized and accepted by the mainstream, and we are gradually moving towards Massive Adoption." With the evolution of the global macro environment, HashKey Exchange has also made business breakthroughs in Hong Kong, with a total trading volume exceeding HKD 540 billion and user assets surpassing HKD 5.5 billion. As of October 30, the total trading volume of Omnibus economic business reached HKD 3.9 billion, with a monthly growth rate of 58.3%.
From Hong Kong's perspective, Eastern capital, represented by financial institutions, is currently in a stage of discussion and observation. In the future, accelerated capital entry into Hong Kong may bring new market increments. "Right now, we are at a critical point, like water temperature reaching 99 degrees, about to boil," Livio said. "We also hope to join forces with traditional financial enterprises to usher in the institutional era of Web3 in Hong Kong."
