Edith Yeung, co-founder of Race Capital, monitors the crypto industry's development in Hong Kong. She has played a significant role by investing in projects like Solana and the Lightning Network.
Hong Kong’s Crypto Regulations
Yeung highlighted the establishment of an open licensing regime as a major step for Hong Kong’s crypto sector. The presence of seven SFC-licensed virtual asset trading platforms has increased investor confidence. However, she emphasized that licensing alone is insufficient, stressing the importance of market liquidity.
Investments in Solana and Future Expectations
Discussing early investments in Solana, Yeung emphasized the project’s robust developer community and its future potential. She noted that traditional financial players engaging with Solana demonstrate blockchain technology is ready for broader audiences.
Future of the Crypto Industry in Hong Kong
Yeung affirms that Race Capital will continue focusing on internet infrastructure and invest in sustainable projects in the long term. With the increasing integration of AI and blockchain technology, she predicts that Hong Kong will play an increasingly vital role in the crypto sector. Moreover, she believes Solana will continue to grow by enhancing its liquidity and user base.
In light of these developments, Hong Kong is expected to contribute to future growth by establishing solid infrastructure and an active market in the crypto sector.
