Hong Kong Cyberport Initiates Blockchain Pilot Scheme
- Main event boosts blockchain growth in Hong Kong.
- Offers funding up to HKD 500,000 per project.
- Maximum of three projects per company.
Hong Kong Cyberport has unveiled its Blockchain and Digital Asset Pilot Subsidy Scheme as of June 26, 2025, in Hong Kong, aiming to foster advancements in blockchain and Web3 applications.
The initiative stands to enhance Hong Kong’s position in Web3 technology, without immediate changes to on-chain metrics.
Details of the Scheme
Hong Kong Cyberport, a government-backed entity, has launched the Blockchain & Digital Asset Pilot Subsidy Scheme. The program seeks to drive Web3 innovations, allowing for up to 80% funding per project. Each project can receive up to HKD 500,000, with eligibility contingent on collaboration with institutional sponsors. The scheme’s focus includes projects within RWA tokenization and Web3 security.
“Designed to facilitate the development and testing of high-impact blockchain and Web3.0 applications that can serve as benchmarks for future use cases, thereby accelerating the practical adoption of emerging technologies across various industries in Hong Kong.” — Hong Kong Cyberport, Official Organization
The funding initiative expects to attract talent and resources, strengthening Hong Kong’s blockchain sector. Eligible companies must be registered in Hong Kong and aim to deliver solutions in blockchain and digital assets. Projects selected can benefit from both initial and post-completion funding tranches to facilitate development.
Long-term Impact
The scheme’s inception is projected to stimulate sector growth and innovation, positioning Hong Kong as a neuralgic center for blockchain technology. While the short-term impact on cryptocurrency values remains limited, the long-term effects may enhance the region’s technological infrastructure. The absence of new regulatory directives suggests alignment with existing pro-innovation policies.
Through funding and support, Hong Kong aims to lead in blockchain applications and innovation. Historically, such programs have promoted local startup activities. This measure aligns with previous agendas to accelerate Web3 technologies and foster an ecosystem conducive to innovation.
