We heartily thank Mr. Alan Wu for giving a presentation at SFKS on ‘How Web3 Brings Impact: Hong Kong Blockchain Business’.

Mr. Wu is a co-founder of an established startup on digital asset business. Being a leading and innovative entrepreneur, and leveraging from his experience in the fast-growing Fintech industry, Mr. Wu discussed the market trends and compliance issues in respect of digital identity, real-world asset (RWA) tokenization, stablecoins and Web3 banks, against the regulatory and policy backdrop in Hong Kong.

As the market projects, tokenization will be well received in Hong Kong, and potentially in the Greater China, as a modern and convenient means of and cross-border transactions and investments, as well as a viable alternative to traditional corporate finance by way of public listing.

Amongst the multifaceted developments of Web3 and blockchain business, there are growing concern and needs on legal and banking compliance e.g. licensing, know-your-client procedures, data protection on the blockchain, proper drafting of smart contract frameworks, anti-money laundering, and freezing and tracing as a result of fraud.

SFKS stands at the forefront in providing legal support for clients as they navigate across digital finance mechanics, thereby transforming innovative investments into enforceable rights in a safe and compliant manner.