HashKey Exchange CEO Livio: The institutional era of Web3 in Hong Kong is approaching boiling point

On the afternoon of October 31st, HashKey Exchange, the largest licensed virtual asset exchange in Hong Kong, teamed up with the Greater Bay Area Financiers Association to hold a high-end institutional summit on the theme of "How Global Changes Affect Asset Allocation" at the Central Exchange Square in Hong Kong. Hong Kong Legislative Council member Dr. Hong Wen, HashKey Group Chairman and CEO Dr. Xiao Feng, Greater Bay Area Financiers Association President Wang Long, HashKey Group Chief Operating Officer and HashKey Exchange CEO Livio Weng, and others attended and delivered speeches.

For a long time, Web3 and traditional finance have given people a clear distinction, but in reality, from our perspective, the two are not in a competitive relationship, but a complementary relationship, "Livio Weng pointed out." Web3 is to some extent a technological supplement that helps traditional finance reduce transaction costs. In the future, Web3 and traditional finance can be better integrated, and everyone can concentrate their respective strengths to push the industry to a higher level

As the US presidential election approaches, many of the candidates' promises have become a topic of global attention, including reducing regulation of Bitcoin and proposing to use Bitcoin as a national strategic reserve currency. This will not be a bad thing for the entire industry. Regardless of who is ultimately elected, it is highly likely to drive the development of Web3, "Livio Weng said." This means that Web3 is being recognized and accepted by the mainstream, and we are gradually moving towards massive adoption. "With the evolution of the global macro environment, HashKey Exchange has also made business breakthroughs in Hong Kong, with a total transaction volume of over HKD 540 billion and user assets exceeding HKD 5.5 billion. As of October 30th, the total economic transaction volume of Omnibus reached HKD 3.9 billion, with a monthly growth rate of 58.3%.

From the perspective of Hong Kong, Eastern Capital, represented by financial institutions, is currently in a stage of discussion and observation. In the future, the accelerated entry of capital in Hong Kong may bring new market increments. Now, we are at a critical point, like the water temperature has reached 99 degrees and is about to boil, "Livio said." We also hope to join forces with traditional financial enterprises to usher in the institutional era of Web3 in Hong Kong together

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