On April 18, 2025, HashKey Capital launched Asia's first XRP Tracker Fund in Hong Kong, the XRP Tracker Fund, with Ripple as a core investor, designed for professional investors and approved by the Hong Kong Securities and Futures Commission (SFC). The approval of the SFC in Hong Kong signifies the further integration of the traditional financial regulatory framework with the innovative Web3 infrastructure, and signifies that the local market is moving towards a more diversified and compliant era of digital asset investment.

Visa has partnered with Bridge, a stablecoin infrastructure startup recently acquired by Stripe, to launch USDC-powered Visa cards, initially in six countries - Argentina, Colombia, Ecuador, Mexico, Peru, and Chile - that will allow users to make purchases directly at any merchant that accepts Visa, with no need for additional redemption or payment delays. This marks a move from the Web3 experience to real-world financial integration and is expected to expand to Europe, Africa and Asia in the coming months, while Hong Kong's position as a global financial hub will be interesting to watch for the HKMA's currency stabilization and local pilots.

With the development of blockchain technology, Web3 is gradually becoming an important driver of the global economy, attracting numerous start-up companies to enter this field. As an international financial center with world-class infrastructure, a comprehensive legal and regulatory system, and an excellent geographical location, Hong Kong provides an ideal environment for Web3 and virtual asset companies to develop. The HKSAR Government and Cyberport are working together to provide extensive support and resources to start-ups interested in the virtual assets, fintech and Web3 sectors.