Catenaa, Friday, March 21, 2025 – Hong Kong’s blockchain application and software industry has grown by 250% since 2022, solidifying the city’s position as a leading fintech hub in Asia, according to a report by Invest Hong Kong and its partner agencies.
The report, based on an analysis of 1,100 fintech companies operating in the city as of July 2024, highlights rapid expansion across various financial technology sectors. The number of blockchain firms has climbed to 175, with application and software businesses driving the industry’s growth.
Meanwhile, the digital asset and cryptocurrency sector has risen by nearly 30%.
Hong Kong now hosts the largest concentration of fintech firms specializing in wealth technology, blockchain, digital assets, payments, and enterprise financial solutions, the report found.
The findings reinforce Hong Kong’s ongoing efforts to attract blockchain and fintech investment amid global regulatory shifts.
Authorities have introduced policies to foster digital finance, including a licensing framework for virtual asset trading platforms and initiatives to integrate blockchain into traditional financial systems.
Industry experts view the surge as a sign of Hong Kong’s resilience and its ambition to compete with regional fintech hubs such as Singapore and Tokyo.
