June 3, 2020 New report highlights a surge in blockchain companies moving to Hong Kong in 2019.

A new report from Hong Kong’s Financial Services and the Treasury Bureau has found that there was a surge in blockchain companies moving to the region in 2019. The report found that of the 57 financial technology companies that the InvestHK advocacy group attracted to Hong Kong, 39% were blockchain-related, up from 27% in 2018. Among 2019’s blockchain intake, 45% were focused on the enterprise market, 27% represented trading platforms while the remainder was split between digital asset custody, trade financing, and settlement as well as projects focusing on security tokens.