Odaily Planet Daily reported that at the 2025 Digital Entertainment Leaders Forum (DELF), Cyberport CEO Dr. Cheng Songyan said that with the Hong Kong Stablecoin Ordinance officially taking effect on August 1, Cyberport has gathered nearly 290 technology companies covering blockchain, smart contracts, data auditing and network security, forming a digital asset technology support network for mainland China, Hong Kong and overseas, providing full-chain support for stablecoin and RWA (tokenization of physical assets) businesses.

To balance regulation and market innovation, Cyberport launched a stablecoin and digital asset pilot program. Nine cross-industry cases (covering finance, logistics, healthcare, and more) were selected from over 200 applications. Through end-to-end scenario verification across issuance, retail, and anti-money laundering, a replicable industry model was developed, providing regulatory reference and technical support to the government. Zheng Songyan stated that the pilot program, using a "regulatory sandbox" model to explore digital asset innovation, aims to simultaneously prevent risks and promote development, supporting Hong Kong's development into a global hub for Web 3 technology. (TMT)