Quote-tweeting the IOSG team because I want to say something personal about this.
Most VC events I’ve sat through over 8 years in this industry are noise. This one wasn’t.
16 founders. 1 legislator. 6 hours straight. The thing that surprised me most wasn’t what got said in front of @DuncanChiu — it was what founders said to each other afterwards, over dinner.
Hong Kong’s Web3 story for 2026-2032 is being written right now. If you’re a founder thinking about HK and want a real conversation (not a marketing pitch), we’re doing this again. DM me.
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The race for Web3's capital is on, and Hong Kong intends to win it. 🇭🇰
Hosted #IOSG# × HK LegCo · Founder Tea #1# this week. Our founding partner @jocyiosg brought together 16 top Web3 founders at Cyberport with the Hon. Duncan Chiu, HK Legislator.
Across four tracks:
→ RWA @AssetoFinance,@DigiFTTech, Anchored, @StableStock
→ Public Markets @RedotPay, @MicrobitCapital, Boyaa Interactive, @SoSoValueCrypto
→ Infrastructure @alt_layer, @brevis_zk, @Conflux_Network, @Sign
→ DeFi @SynFuturesDefi, @dForcenet, Unified Labs
6 hours of unfiltered truth, centered on one question: "Why HK over Singapore?" The discussion covered HK's strengths (financial depth, legal system, location), where it still falls short (compliance costs, licensing, banking access), and concrete asks to government: tiered regulation, an innovation sandbox, lighter licensing, and a clear path for digital asset trusts (DAT).
Duncan set this as the first consultation for Hong Kong's first-ever 5-Year Web3 Plan (2027–2032), reaching the Chief Executive's Office by end of June.
In his words:
"I hope to submit these recommendations and have them included in Hong Kong's first-ever 5-Year Plan — shaping the city's Web3 direction for the next five years."
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