We are pleased to announce the official establishment of the IOST Hong Kong office and the assembling of the Hong Kong work team, which shall commence seeking IOST business development in the region from today onwards. As a key step in IOST’s international Web 3.0 ecosystem expansion, this reinforces IOST’s commitment to advancing diversified international compliance expansion centered in Hong Kong, accelerating ecosystem construction and development.
Hong Kong’s Evolving Role in Virtual Assets and Web3.0 Industry
Since the Hong Kong Financial Services and the Treasury Bureau (FSTB) officially released the long-awaited policy and regulatory updates on virtual assets, Hong Kong has become one of the most international and economically active financial regions in Asia, officially joining the competition among the world’s virtual asset centers.
Following this, on February 20, 2023, the Hong Kong Securities and Futures Commission (SFC) published the Consultation Paper on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators, signaling that regulation of the Web3.0 industry is entering the implementation phase in the region, with more detailed and actionable guidelines. Hong Kong, thus, has become a potential hub for companies and projects that develop virtual assets to establish businesses, promoting innovation in fields such as Web 3.0 and the Metaverse.
“The formal establishment of the IOST Hong Kong office is significant for IOST’s international ecosystem strategy. It will help promote collaboration with global developers and collectively build an N+1 blockchain innovation ecosystem alliance. IOST is committed to innovation, improvement, and expanding the impact of blockchain technology. We are accelerating the promotion of our ecosystem strategic planning to provide more support for developers and high-quality projects in the crypto space, further accelerating the implementation of IOST’s multi-chain ecosystem.”
IOST Co-CEO, Blake
IOST 2.0: The Next Generation of Blockchain Operating System
Since its establishment in 2017, IOST has created a competitive, secure, complete, and sustainable decentralized economic system. With a growing developer community, IOST is influential in more than 30 countries worldwide.
After the upcoming mainnet upgrade, IOST 2.0 will feature higher throughput and usability, becoming a truly Web3.0 blockchain operating system. IOST 2.0 — The Merge. IOST will adopt the Beacon Chain + Smart Chain EVM compatible architecture, and both will communicate using the standard Engine API. Furthermore, IOST 2.0 will continue to evolve and upgrade multiple sub-chains, including general-purpose EVM smart contract chains and specialized sub-chains such as NFT chains, gaming chains, and AI Native chains.
IOST’s International Presence
To date, IOST has established offices in various locations, including Beijing, Singapore, Tokyo, Seoul, Madrid, Lisbon, and Hong Kong.
Carter, Head of IOST Hong Kong: Shaping a Global Web3.0 Hub
IOST’s head of Hong Kong, Carter, emphasized that as Hong Kong shapes its position as a global Web3.0 hub, it may continually bring more vitality and opportunities for the digital economy. With the establishment of the IOST Hong Kong offices, IOST will further promote exchanges and cooperation with local governments, organizations, and enterprises in the region, improving the IOST Hong Kong ecosystem that is already under construction. In addition, IOST will have four strategic objectives in Hong Kong:
- Promoting IOST’s compliance process;
- Further improve IOST’s liquidity;
- Promoting IOST’s services and applications; and
- Enhance the international reputation and market influence of IOST.
Carter, head of IOST Hong Kong, holds a Bachelor’s degree in Computer Engineering and a Master’s degree in Engineering Enterprise Management from the Hong Kong University of Science and Technology, with over 18 years of experience in the IT industry. He has worked with various leading companies in the blockchain space and has a deep understanding of Web3.0 and the Metaverse.
IOST and BitValue’s Joint Ecological Incentive Fund: Exclusive Support for Hong Kong’s Web3.0 Market Expansion
Canadian Web3 investment firm BitValue Capital announces a strategic partnership with IOST through a USD 10 million long-term investment. BitValue and IOST will jointly launch a $5 million Ecosystem Incentive Fund to provide more support for global developers and accelerate the construction and development of the IOST ecosystem.
Read more:
Dedicated Support for Hong Kong Market Expansion:
- Compliance consultation in Hong Kong: Collaboration with industry-leading KOLs, distinguished scholars, and policy researchers
- Deployment of Products and Services in Hong Kong: Assistance for Web 2.0 organizations and enterprises establishing or expanding operations in Hong Kong
- Amplification of International Visibility and Market Influence: Support from top-tier local media and social platforms in Hong Kong
- Expanding international liquidity: Integration with ecosystem resources
Note: If you would like to provide any of the above-mentioned or intend to collaborate with us in Hong Kong, feel free to contact us via our Hong Kong team’s email hk@iost.io
Conclusion
As a financial center in Asia and the world, Hong Kong’s Web3.0 industry development has achieved many significant results. The establishment of the IOST Hong Kong office marks a significant step in the company’s international expansion strategy. With the aim on connect with major global communities, and focus on the forefront of the crypto industry, such as blockchain network layer (EVM), middleware layer (basic financial services, digital identity, DAO governance), application layer (NFT, DeFi, GameFi, SocialFi), and access layer (wallets, browsers, aggregators). IOST will deepen its cultivation of core blockchain technology, integrate and improve ecosystem construction, and continuously invest in and support potential Web3.0 projects worldwide.
In the future, IOST will join hands with global partners to create a refined, differentiated, and diversified Web3.0 international new ecosystem, tap into the potential of digital economic innovation and development, give birth to new products, new models, and new formats, explore new paths for the healthy and sustainable development of the digital economy
About IOST
High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.
Backed by significant financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflects our genuine desire to be the best in the sphere.
Being one of the public chain leaders in adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST has an ever-expanding 500,000 members community in over 20 countries, over 400 nodes, a top-tier staking ecosystem, and symbiotic relationships with corporations dotted worldwide.
If you would like to hang out with the IOST community on chat or social media or discuss product development, we have something for everyone:
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