Fintech
InvestHK and Crypto Vallet Association join forces to advance blockchain and Web3 development
Both Hong Kong and Switzerland are making great strides in the development of blockchain and cryptographic technologies individually. However, trying to accelerate progress together, Investing in Hong Kong (InvestHK) and the Crypto Valley Association (CVA) of Zug in Switzerland signed a memorandum of understanding (MoU) at the 2024 Crypto Valley Conference.
The MoU aims to strengthen the close supportive relationship between InvestHK and CVA, and strengthen cooperation between fintech ecosystems in Hong Kong and Switzerland. It also focuses on providing regular updates based on the latest market information to support companies in Hong Kong and Switzerland gain a better understanding of fintech trends and developments.
Furthermore, it encourages interested companies, startups and investors to develop their businesses in the highlighted areas by providing relevant information and facilitating networking. It also supports and facilitates inbound business missions and investment promotion events that promote bilateral investments between the two economies.
The ceremony was represented by:
- the global head of financial services and fintech at InvestHK, King Leung
- Crypto Valley Association board member, Ilya Volkov
- the executive director of the Crypto Valley Association, Nikoletta Csanyi
A more interconnected global fintech ecosystem
InvestHK’s Director General of Investment Promotion, Alpha Lau, said: “Hong Kong is well positioned as a value-added super-connector to promote innovation and its commercialization. InvestHK proactively supports businesses seeking to expand and succeed in Hong Kong and beyond.
“This MoU not only represents a new milestone in collaboration between Hong Kong and fintech ecosystems Swiss, but also highlights the city’s attractiveness as a leading destination for fintech and Web3 innovation. We look forward to facilitating the active development and integration of companies’ technologies into the city’s international financial services system.”
Nikoletta Csanyi, executive director of the Crypto Valley Association, said: “Innovation knows no borders. Through strategic partnerships like this one between InvestHK and the Crypto Valley Association, we are paving the way for a stronger and more interconnected global fintech ecosystem.
“This Memorandum of Understanding signals our commitment to foster collaboration, drive technological advancements and create opportunities for growth and innovation across our ecosystems. Together, we also have the opportunity to shape the future of finance and push Hong Kong and Switzerland to the forefront of fintech excellence.”