Government research in Hong Kong has found that decentralized finance (DeFi) and metaverse technologies could increase the region's dominance in the global fintech landscape. 🌐

The Hong Kong Academy of Finance Research Center (HKIMR) has noted the explosive growth of DeFi from $6 billion in 2021 to over $80 billion in 2023.

Despite some concerns surrounding DeFi, research remains optimistic about its unique characteristics.

Regarding the metaverse, Hong Kong financial institutions have shown moderate interest despite high interest in it. More than 51% of respondents do not believe in the potential of the metaverse in the future.