Hong Kong's Cyberport is buzzing with blockchain activity, now hosting over 270 Web3 firms, thanks to a $50 million government boost. This vibrant hub has attracted companies from over 20 countries, including the US, UK, and Japan. Cyberport is diving into real-world blockchain applications, spanning smart living, fintech, and more. Meanwhile, Hong Kong's Securities Futures Commission is ramping up efforts to license crypto exchanges, aiming to issue licenses to 11 platforms by the end of 2024. With three exchanges already licensed, the region is poised for a crypto boom.