Hong Kong Firms Raise $1.5 Billion in July for Crypto Ventures

Hong Kong-listed companies raised over $1.5 billion in July to support crypto-related ventures, signaling a sharp increase in investor interest in digital assets as the city moves forward with its regulatory framework for stablecoins. At least 10 publicly traded firms participated in equity fundraising activities, with notable names such as OSL Group, Dmall Inc, and SenseTime Group among those expanding into blockchain infrastructure, stablecoin development, and tokenized assets. OSL Group alone secured $300 million in a fast-tracked offering, with the bookbuilding process completed in under three hours [1]. The funding trend coincides with Hong Kong's impending stablecoin licensing regime, which became effective on August 1, marking a key step in the city’s broader strategy to position itself as a fintech hub in Asia [1].

Investor enthusiasm was particularly evident in the speed and scale of capital raised, according to financial professionals. Anthony Pang of Baker McKenzie highlighted the “acceleration in digital asset fundraising,” noting that market momentum is rapidly building. Dmall Inc’s HK$388 million share sale is one of the more high-profile examples, with legal and regulatory support aligning with the city’s strategic direction [1]. Meanwhile, SenseTime Group secured HK$2.5 billion to explore blockchain and stablecoin applications, reflecting a broader appetite for innovation across traditional and emerging tech sectors [1].

The surge in funding activity is also evident in the performance of Hong Kong’s stablecoin-related stocks, with a dedicated index rising 65% year-to-date, significantly outpacing the broader Hang Seng Index [1]. However, regulators have issued warnings about market exuberance, with Hong Kong’s central bank cautioning against "frothiness" in the sector [1]. Despite these concerns, private venture capital firms are also stepping in, with digital payments startup Kun raising over $50 million in July [1].

Hong Kong’s latest policy moves, including the “LEAP” framework, aim to provide legal clarity and foster ecosystem growth around stablecoins and real-world asset (RWA) tokenization. The strategy underscores the city’s intent to outpace other global markets, including the U.S., by creating a favorable regulatory environment for digital asset innovation [1]. As the city continues to roll out supportive policies, firms across the financial and tech sectors are increasingly positioning themselves to capitalize on the evolving opportunities in crypto and blockchain.

Source: [1] Hong Kong Firms Raised $1.5 Billion in July for Crypto Push: Reuters (https://cryptonews.com/news/hong-kong-firms-raised-1-5-billion-in-july-for-crypto-push-reuters/)