The Hong Kong division of China Asset Management has recently established a memorandum of agreement with Hashkey exchange and HamsaTech Hong Kong.
The objective of this partnership is to collectively promote and advance initiatives related to Web 3.0 in the asset management industry in Hong Kong.
The city of Hong Kong is actively seeking to capitalize on the potential benefits presented by the emergence of Web3 technology.
The significance of capitalizing on the advantageous prospects presented by Web 3.0 was underscored in the 2023-2024 Budget by the Government of Hong Kong.
The Financial Services and the Treasury Bureau (FSTB) have recently unveiled substantial measures to promote the advancement of financial technology (fintech) during the Hong Kong FinTech Week 2023. These activities primarily center around the exploration of practical applications within the real economy, as well as fostering advancements in the digital assets and Web3.0 sector.
The introduction of new laws by the Securities and Futures Commission (SFC) aims to safeguard investors and foster innovation within the virtual assets sector.
The Securities and Futures Commission (SFC) has also released circulars on the involvement of intermediaries in activities linked to tokenized securities and the tokenization of investment products permitted by the SFC. These circulars aim to provide clear guidance on the regulatory requirements in order to ensure investor protection.
China Asset Management (HK) is a leading asset management firm based in Hong Kong that has played a pivotal role in driving the evolution of the conventional asset management sector.
The company is committed to promoting wider involvement and responsible growth in Hong Kong's virtual assets market by combining traditional finance with virtual assets and utilizing innovative technology.
HashKey Exchange is one of the limited number of licensed cryptocurrency exchanges operating in Hong Kong.
HashKey Exchange is one of the limited number of cryptocurrency exchanges that has successfully acquired a license in Hong Kong. The HashKey Group provides a variety of institutional services, encompassing omnibus trading and tokenization services.
HashKey Brokerage specializes in facilitating over-the-counter bulk trading activities tailored for professional investors. On the other hand, HashKey Xpert offers secure custody services for virtual assets, specifically designed to meet the stringent requirements of institutional clients.
The collaboration with Hamsa, which possesses significant expertise and is at the forefront of blockchain technology in the realm of virtual assets, is anticipated to facilitate the provision of a broader and more inventive selection of investment opportunities for investors in Hong Kong.
#Web3🤝🥊🌐 #BTC #BinanceSquare

#SolanaLabs has introduced the Solana Incubator program, aiming to support early-stage startups that are harnessing the future of blockchain technology: web3. This initiative goes beyond supporting developers on the Solana network and seeks to encourage web2 teams to integrate web3 technologies.What is the Solana Incubator Program?The Solana Incubator program aims to offer comprehensive support to early-stage web3 startups, especially those developing on the Solana network. Selected startups will receive all-encompassing support in areas like fundraising, technological assistance, and marketing. Moreover, the program plans to extend its resources to web2 teams striving to integrate web3 technologies. Applications are open until November 30, 2023.Impact of the Program on the EcosystemThe launch of the Solana Incubator program is seen as a significant step for the future of the Solana ecosystem. Such support can assist startups in overcoming technological challenges, validating their business models, and integrating more swiftly into the Solana network. Simultaneously, the existence of such a program demonstrates Solana's commitment to the adoption and proliferation of web3 technology.Ecosystem Grants: Effective or a Waste of Resources?Opinions differ on whether ecosystem grants are effective. While some argue that such grants promote the growth and innovation of startups, others suggest that these grants sometimes result in a waste of resources and don't always deliver the desired outcomes. However, the investment of major platforms like Solana in such programs acknowledges the value and potential of ecosystem grants.The initiation of Solana Labs' Incubator program is appraised as a positive step for the future of blockchain technology and web3 startups. This program, by providing critical support to startups, can contribute to the growth and expansion of the Solana ecosystem. However, time will be required to genuinely measure the success of the program.#Solana📈🚀🌐 #Web3🤝🥊🌐 $SOL

Web3 initiatives have taken the digital world by storm. It seems to be pretty clear that we are quickly moving to the third generation of the internet, bidding goodbye to the second, web2. However, for many, there is a learning curve to entering the realm of web3. This is where Meadow Cash comes in. The firm has incentivized the learning process for anybody new or experienced in the space. Meadow Cash allows users to start an immersive web3 experience while earning tokens at the same time.Mission VisionThe objective of Meadow is to revolutionalized learning. The value of knowledge will be spurred on by profitable incentives for learners. Performance-based learning platforms like Meadow Cash, where users are getting paid to learn, are a new but surprising attempt to disrupt the Learning Economies of the world. It’s built with an aim to reconnect education and the workforce using blockchain as the underpinning infrastructure. Meadow Cash has the vision of becoming an incubation center for young talents who can share the rich knowledge that has been accumulated over a long time. They will create economic conditions and help develop a future with the criterion of Raising Knowledge Value.What services does Meadow Cash provide?The premiere product is the learn-to-earn feature. Users can take their first steps into the world of Web3 while earning something for themselves along the way. Learn-to-earn has become a sought-after practice among many web3 firms. Meadow Cash seems to be taking the necessary steps to not only educate the masses on web3 workings but also to monetize the process, thereby giving users additional reasons to hop on to web3 platforms.Meadow Cash also has a PoW (Proof-of-Work) Bitcoin (BTC) mining simulation game. Users can earn rewards by contributing their efforts to the platform. Blockchain gaming is a budding industry with many new and interested players. Furthermore, during the summer crash of 2022, blockchain gaming was one of the least affected industries, as profit-making is not the primary goal of gamers.Users can also earn rewards by referring the platform to their contacts, allowing them to monetize their social network. Rewards for referrals are nothing new, but integrating the initiative on the platform seems like a smart way to grow the user base. Incentivizing the act of getting more users is another way to keep the users interested in the project.The platform also has a wallet feature. New users can create their very first crypto wallet on the platform. Users can stake, swap and transfer their stored cryptocurrencies via various exchange channels.TokenomicsMeadow Token (MGT) is the native token for the Meadow Cash platform. Moreover, as per the whitepaper, 4% goes to the advisors, 35% is allocated to the ecosystem, 20% to the team, 15% to the Pinksale launchpad, and 25% goes to the community.Roadmap for Meadow CashThe firm has a clear roadmap laid in front. In Q4 of this year, the platform aimed to launch on Android and iOS, reaching 50 million users globally. The team also plans to expand on its scaling solutions to facilitate strong user growth.In the first half of 2023, the firm plans to collaborate with other web3 platforms for further growth. The firm also plans to scale up its earning games, along with wallet solution integration.By the second half of 2023, Meadow Cash aims to become one of the largest web3 communities. They plan to have a DAO (Decentralized Autonomous Organization) style governance structure. Furthermore, the firm plans on more diverse applications, including middleware solutions.OverviewMeadowCash offers Quiz-to-Earn and other gamified learning experiences, having attracted over 2 million members to the community. It is also aiming at forming an engaging ecosystem of community-owned economies by facilitating and optimizing the onboarding flows for all Web3 pathfinders. They are going to offer learning experiences that develop three components of life – health, wealth, and mind. The most attractive of these offerings is their community-owned refer-a-friend program for those looking for passive income through referral links. Furthermore, at this stage of the development process, Meadow Cash with Android and IOS operations is eventually gaining popularity in the blockchain industry at large.#Web3🤝🥊🌐 #GameFi