InvestHK and Crypto Vallet Association Join Forces to Advance Blockchain and Web3 Development

Both Hong Kong and Switzerland are making strides in the development of blockchain and cryptographic technologies individually. However, looking to accelerate progress together, Invest 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 enhance the close supportive relationship between InvestHK and CVA, and boost cooperation between the fintech ecosystems of Hong Kong and Switzerland. It also focuses on providing regular updates based on latest market information to support companies in Hong Kong and Switzerland in gaining a better understanding of fintech trends and developments.

Additionally, it encourages interested companies, startups, and investors to develop their businesses within highlighted areas by providing relevant information and facilitating network building. Additionally, it supports and facilitates incoming business missions and investment promotion events that foster bilateral investment between the two economies.

The ceremony was represented by:

• the global head of financial services and fintech at InvestHK, King Leung
• the board member of the Crypto Valley Association, Ilya Volkov
• the executive director of the Crypto Valley Association, Nikoletta Csanyi

A more interconnected global fintech ecosystem

The director-general of investment promotion at InvestHK, Alpha Lau, said, “Hong Kong is well positioned as a value-adding super-connector to foster innovation and its commercialisation. InvestHK proactively supports businesses seeking to scale and succeed in Hong Kong and beyond.

“This MoU not only represents a new milestone in the collaboration between the fintech ecosystems of Hong Kong and Switzerland, but it also underscores the city’s appeal as a premier 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 boundaries. Through strategic partnerships like this one between InvestHK and the Crypto Valley Association, we are paving the way for a stronger, more interconnected global fintech ecosystem.

“This Memorandum of Understanding signifies our commitment to fostering collaboration, driving technological advancements, and creating opportunities for growth and innovation between our ecosystems. Together, we also have the opportunity to shape the future of finance and propel Hong Kong and Switzerland to the forefront of fintech excellence.”