Starting June 1, 2025, Hong Kong will officially implement new regulatory policies for virtual asset service providers (VASPs), marking a pivotal shift in the region’s approach to cryptocurrency. This groundbreaking move introduces a clear licensing framework for crypto exchanges, reinforcing legitimacy, transparency, and investor confidence. As Hong Kong positions itself as a global Web3 hub, these regulations are expected to accelerate the adoption of blockchain technology and open new doors for compliant, high-potential crypto projects.
For investors, this regulatory clarity presents a strategic opportunity. With increased institutional interest and government-backed infrastructure development, certain blockchain projects — particularly those with strong ties to Asia and a focus on compliance — are poised for long-term growth.
This article explores six standout crypto projects that align with Hong Kong’s evolving digital asset landscape and are worth considering for forward-looking portfolios.
1. NEO (NEO): The “Chinese Ethereum” with Regulatory Foresight
Launched in 2014 as Antshares, NEO is a Layer 1 blockchain platform often referred to as the “Chinese Ethereum.” It was one of the first homegrown blockchain protocols in China and has consistently emphasized regulatory compliance — a critical advantage under Hong Kong’s new framework.
NEO aims to create a smart economy by integrating digital assets, digital identity, and smart contracts. Unlike many decentralized networks that resist oversight, NEO actively collaborates with regulatory bodies, making it a natural fit for regions like Hong Kong that prioritize legal clarity.
While the project maintains a low public profile, its long-term vision and technical foundation remain robust. As Hong Kong embraces compliant blockchain innovation, NEO could see renewed market interest — especially from institutional investors seeking regulated exposure to Chinese-aligned blockchain ecosystems.
👉 Discover how regulated blockchain platforms are shaping the future of digital finance.
2. VeChain (VET): Real-World Supply Chain Solutions
VeChain is a Layer 1 blockchain designed to solve real-world supply chain inefficiencies through transparency and traceability. Founded in 2015 by Sunny Lu, former CIO of Louis Vuitton China, VeChain has built deep partnerships with major Chinese enterprises, including Haier and China Tobacco.
One of its most notable achievements is its collaboration with the Guizhou provincial government to pilot a blockchain-based carbon credit trading platform. Recognized by China’s Cyberspace Administration as a “National High-Tech Enterprise,” VeChain enjoys credibility rarely seen in the crypto space.
What sets VeChain apart is its focus on practical utility. Instead of chasing speculative trends, it delivers enterprise-grade solutions that impact logistics, sustainability, and product authenticity — all areas that align with Hong Kong’s push for responsible innovation.
VET tokens are widely available on major exchanges like Crypto.com, KuCoin, and Gate.io, offering accessibility alongside real-world adoption.
3. Conflux (CFX): China’s Only Publicly Compliant Blockchain
Launched in 2018, Conflux stands out as the only public, permissionless blockchain in China operating under full regulatory compliance. With backing from the Shanghai government — which designated it a “Key Innovative Blockchain Platform” — Conflux bridges Chinese innovation with global Web3 aspirations.
The network supports a growing ecosystem of DeFi platforms like DODO and Sushiswap, NFT marketplaces, insurance protocols, and cross-chain tools. But its most transformative development came in February 2025: the launch of the BSIM card, a collaboration with China Telecom.
This SIM card integrates Conflux’s blockchain directly into mobile devices, enabling secure private key management and seamless access to Web3 and Metaverse applications — all without requiring additional hardware. With built-in dPoS and PoW mechanisms, the BSIM card could dramatically lower entry barriers for mass adoption.
CFX surged nearly 300% in a single week following the announcement, peaking above $0.35 in May 2025. As Hong Kong’s regulations take effect, Conflux is well-positioned to become a foundational layer for compliant digital interaction across Asia.
4. Huobi (HT): A Global Exchange Going All-In on Hong Kong
Once known as Huobi Global, Huobi (now rebranded as “HuoBi”) is one of the world’s longest-standing cryptocurrency exchanges. Under Tron founder Justin Sun’s leadership, the exchange is relocating its operations to Hong Kong — a strategic bet on the region’s pro-innovation stance.
From June 1, Huobi Hong Kong will offer trading services for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), TRON (TRX), Dogecoin (DOGE), and Shiba Inu (SHIB). By aligning with local regulations, Huobi aims to become the first officially licensed centralized exchange serving both local and international users in the region.
Its early adoption of margin trading and user-friendly products like Huobi Wallet have strengthened its reputation. Partnerships with giants like JD.com and CITIC Group further cement its legitimacy in the Chinese market.
As Hong Kong rolls out its licensing regime, Huobi’s HT token could benefit from increased trading volume and ecosystem expansion.
5. Filecoin (FIL): Decentralized Storage Powering the Future
Filecoin is more than just a cryptocurrency — it’s a decentralized storage network built on IPFS (InterPlanetary File System). As the incentive layer for IPFS, Filecoin enables users to rent unused hard drive space and securely store data across a global peer-to-peer network.
The project has strong roots in China, with early investments from top-tier firms like Sequoia China and Distributed Capital. Chinese startups such as IPFSMain are building data infrastructure on Filecoin, catering specifically to local demand for secure, censorship-resistant storage.
In a significant endorsement, Hong Kong-listed Times Universal Group Holdings recently purchased 12,000 FIL tokens at an average price of $53.33 — signaling institutional confidence in Filecoin’s long-term value proposition.
With data sovereignty becoming increasingly important, Filecoin’s role as a foundational Web3 infrastructure player makes it a compelling investment amid Hong Kong’s digital transformation.
👉 Explore how decentralized storage is revolutionizing data security in regulated markets.
6. Alchemy Pay (ACH): Bridging Crypto and Fiat in Asia
Alchemy Pay is a leading crypto payment gateway that enables seamless transactions between digital assets and fiat currencies. As one of the first platforms to introduce hybrid payment solutions in Asia, it supports over one million merchants worldwide.
Its upcoming ADPS 2.0 (Alchemy Decentralized Payment System) will integrate DeFi aggregation and trustless verification layers, bridging centralized finance and decentralized ecosystems. The native ACH token, with a total supply of 10 billion, powers governance, incentivizes participation, and fuels ecosystem growth.
In early 2025, Alchemy Pay expanded support to include Google Pay for crypto purchases and launched a month-long advertising campaign across Hong Kong International Airport and public transit — declaring “I love Hong Kong, I love Bitcoin, I love ACH.”
As Hong Kong embraces Web3 payments, Alchemy Pay is likely to play a central role in driving mainstream crypto adoption.
Frequently Asked Questions (FAQ)
Q: What do Hong Kong’s new crypto regulations mean for investors?
A: The new rules establish a clear licensing framework for crypto exchanges and service providers, increasing transparency and reducing risks. This regulatory clarity attracts institutional capital and boosts market confidence.
Q: Why are China-linked projects benefiting from Hong Kong’s policy changes?
A: Many of these projects already prioritize compliance and have government or enterprise partnerships. Hong Kong’s open yet regulated environment provides them with a launchpad for global expansion.
Q: Is it safe to invest in projects tied to China’s blockchain ecosystem?
A: Projects like Conflux, VeChain, and NEO operate within legal boundaries and emphasize regulatory alignment. Their focus on real-world use cases adds resilience compared to purely speculative tokens.
Q: How does the BSIM card work?
A: The BSIM card embeds blockchain functionality directly into a mobile SIM card. It securely stores private keys and allows users to interact with Web3 apps directly from their phones — simplifying access while enhancing security.
Q: Where can I buy these tokens safely?
A: Most of these assets — including CFX, VET, FIL, and ACH — are listed on major regulated exchanges like OKX, Binance, and KuCoin. Always verify platform compliance before trading.
Q: Will Hong Kong become a global crypto hub?
A: With clear regulations, tax incentives, and strong government support for Web3 innovation, Hong Kong is rapidly emerging as Asia’s premier destination for compliant blockchain development.
The convergence of regulatory clarity, technological innovation, and strategic partnerships makes this an exciting time for crypto investors. As Hong Kong opens its doors to Web3, these six projects — rooted in compliance, utility, and regional strength — represent some of the most promising opportunities in the evolving digital asset landscape.
👉 Stay ahead of the curve — explore regulated crypto opportunities today.