According to ChainCatcher, the Hong Kong Association of Banks wrote in the Hong Kong media Ta Kung Pao that Hong Kong's digital banks have completed more than 100 "fintech regulatory sandbox" tests through the HKMA in the past four years, accounting for more than 40% of the total test cases.
In addition, some digital banks in Hong Kong have begun to provide reserve bank services for stablecoin issuers and have the ability to serve as settlement banks for licensed virtual asset trading platforms, providing services such as timely processing and settlement of transactions.