Each Hong Kong and Switzerland are making strides within the growth of blockchain and cryptographic applied sciences individually. Nonetheless, trying to speed up progress collectively, Make investments Hong Kong (InvestHK) and the Crypto Valley Affiliation (CVA) of Zug in Switzerland signed a memorandum of understanding (MoU) on the 2024 Crypto Valley Convention.
The MoU goals to boost the shut supportive relationship between InvestHK and CVA, and enhance cooperation between the fintech ecosystems of Hong Kong and Switzerland. It additionally focuses on offering common updates based mostly on newest market info to assist firms in Hong Kong and Switzerland in gaining a greater understanding of fintech tendencies and developments.
Moreover, it encourages firms, startups, and buyers to develop their companies inside highlighted areas by offering related info and facilitating community constructing. Moreover, it helps and facilitates incoming enterprise missions and funding promotion occasions that foster bilateral funding between the 2 economies.
The ceremony was represented by:
- the worldwide head of economic companies and fintech at InvestHK, King Leung
- the board member of the Crypto Valley Affiliation, Ilya Volkov
- the manager director of the Crypto Valley Affiliation, Nikoletta Csanyi
A extra interconnected international fintech ecosystem
The director-general of funding promotion at InvestHK, Alpha Lau, mentioned, “Hong Kong is properly positioned as a value-adding super-connector to foster innovation and its commercialisation. InvestHK proactively helps companies searching for to scale and achieve Hong Kong and past.
“This MoU not solely represents a brand new milestone within the collaboration between the fintech ecosystems of Hong Kong and Switzerland, nevertheless it additionally underscores town’s attraction as a premier vacation spot for fintech and Web3 innovation. We sit up for facilitating the energetic growth and integration of firms’ applied sciences into town’s worldwide monetary companies system.”
Nikoletta Csanyi, government director of the Crypto Valley Affiliation mentioned “Innovation is aware of no boundaries. Via strategic partnerships like this one between InvestHK and the Crypto Valley Affiliation, we’re paving the way in which for a stronger, extra interconnected international fintech ecosystem.
“This Memorandum of Understanding signifies our dedication to fostering collaboration, driving technological developments, and creating alternatives for development and innovation between our ecosystems. Collectively, we even have the chance to form the way forward for finance and propel Hong Kong and Switzerland to the forefront of fintech excellence.”
