KPMG: Hong Kong and other major financial hubs attach more importance to the development and launch of virtual currencies and RWA tokens

KPMG released the "Financial Technology Trends" report yesterday, which showed that in the first half of the year, Asia-Pacific fintech recorded a total of 438 transactions, raising US$3.8 billion. In the first half of the year, Asia-Pacific fintech recorded a total of 438 transactions, raising US$3.8 billion. During the period, China's fintech raised US$624 million, accounting for 16% of the Asia-Pacific region, and consumer finance and lending companies accounted for more than half of the transaction volume in the first quarter.

The Asia-Pacific region attaches more importance to the development and launch of virtual currencies and real-world asset tokens. Major financial hubs such as Hong Kong, Singapore and Japan are committed to balancing innovation and regulation. While protecting the rights and interests of investors, they continue to explore and approve activities that integrate traditional finance and decentralized finance. The Hong Kong government is actively developing cryptocurrency regulation to support cryptocurrency trading and other related activities.

In the first half of 2024, the Hong Kong Monetary Authority launched the second phase of the e-HKD pilot program and promoted the development of Hong Kong into an international virtual asset center through various initiatives to attract cryptocurrency companies and enhance Hong Kong's financial ecosystem. (Hong Kong Wen Wei Po)