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Hong Kong has established the Digital Assets Alliance, with members including seven institutions including the Hong Kong Web 3.0 Association

According to online reports, the Hong Kong Democratic Alliance for the Betterment of Hong Kong announced that it will take the lead in establishing the Digital Assets Alliance. Its members include seven institutions including Hashkey Group Exchange, China Merchants Financial Holdings, School of Economics and Management of the University of Hong Kong, Hang Seng University Cloud Innovation School and Digital Assets School, and the Web 3.0 Association. Hong Kong Legislative Council Member Chen Zhongni said that the Digital Assets Alliance will begin writing policy recommendations for the development of the digital industry at the end of this month, covering Web 3.0, real asset tokenization, etc., and will subsequently promote legislation as soon as possible.

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