Hong Kong Launches Blockchain Subsidy Scheme Offering 80% Funding

Hong Kong Cyberport has launched the Blockchain and Digital Asset Pilot Subsidy Scheme, effective from June 26, 2025. This initiative is designed to promote advancements in blockchain and Web3 applications, aiming to solidify Hong Kong's position as a leader in Web3 technology. The scheme offers funding of up to 80% per project, with a maximum of HKD 500,000 per project and a limit of three projects per company. Eligibility for the funding requires collaboration with institutional sponsors and focuses on areas such as RWA tokenization and Web3 security.

The scheme is intended to facilitate the development and testing of high-impact blockchain and Web3.0 applications that can serve as benchmarks for future use cases. This, in turn, is expected to accelerate the practical adoption of emerging technologies across various industries in Hong Kong. The funding initiative is also projected to attract talent and resources, thereby strengthening the region's blockchain sector. Eligible companies must be registered in Hong Kong and aim to deliver solutions in blockchain and digital assets. Projects selected can benefit from both initial and post-completion funding tranches to facilitate development.

The long-term impact of the scheme is anticipated to stimulate sector growth and innovation, positioning Hong Kong as a key center for blockchain technology. While the short-term impact on cryptocurrency values remains limited, the long-term effects may enhance the region's technological infrastructure. The absence of new regulatory directives suggests alignment with existing pro-innovation policies. Through funding and support, Hong Kong aims to lead in blockchain applications and innovation. Historically, such programs have promoted local startup activities. This measure aligns with previous agendas to accelerate Web3 technologies and foster an ecosystem conducive to innovation.