Hong Kong eyes DeFi and metaverse to boost fintech dominance
A recent report from the Hong Kong Institute for Monetary and Financial Research (HKIMR) has identified decentralised finance (DeFi) and metaverse technologies as key to expanding the fintech sector. HKIMR, the research arm of the Hong Kong Academy of Finance (AoF), published two reports on June 25 regarding the impact the DeFi and Metaverse sectors can have on the nation’s fintech sector. According to Enoch Fung, CEO of the AoF: The emerging technologies of DeFi and the metaverse, which are closely connected to the broader virtual asset and Web3 developments, will likely present various oppor...