Cyberport’s rapid growth includes over 270 Web3 enterprises and initiatives for real-world blockchain applications in Hong Kong.
Hong Kong’s Cyberport, a government-owned and run business hub, currently hosts over 270 blockchain technology-related enterprises after adding more than 120 firms in 16 months.
On Nov. 19, the Legislative Council (LegCo) of the Hong Kong Special Administrative Region (HKSAR) released a discussion paper highlighting Cyberport’s efforts toward the development of the Web3, crypto and blockchain ecosystems.
The Hong Kong government had allocated $50 million to support Cyberport for the 2023-24 budget. As of June 2023, Cyberport housed more than 150 Web3 firms, according to Financial Secretary Paul Chan Mo-po.
