Hong Kong Cyberport Launches Stablecoin and RWA Pilots Under New Ordinance

At the 2025 Digital Entertainment Leadership Forum (DELF), Cyberport CEO Dr. George Lam highlighted Hong Kong’s progress since the Stablecoin Ordinance came into effect on August 1. He noted that Cyberport has brought together nearly 290 technology companies spanning blockchain, smart contracts, data auditing, and cybersecurity. This network, which extends across mainland China, Hong Kong, and overseas, forms a comprehensive digital asset technology support system for stablecoins and real-world asset (RWA) tokenization.

To balance regulation with market dynamism, Cyberport has launched a stablecoin and digital asset pilot program. Out of more than 200 applications, nine cross-industry projects — covering sectors such as finance, logistics, and healthcare — were selected for end-to-end scenario testing. These pilots cover the full spectrum of activities from issuance and retail to anti-money laundering compliance, with the goal of creating replicable industry templates and offering regulators practical insights into technical challenges.

Dr. Lam emphasized that the initiative is designed to operate as a “regulatory sandbox,” helping mitigate risks while encouraging innovation. This approach, he said, will strengthen Hong Kong’s position as a digital asset technology hub.

Cyberport has already attracted global participants, including a U.S. data auditing firm, a blockchain research team from Zhejiang University, and a mainland-based virtual currency tracking company. Looking ahead, Cyberport will continue working closely with the government to foster a healthy ecosystem and enhance Hong Kong’s competitiveness in the global Web3 landscape.

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