Hong Kong Establishes Digital Asset Listed Companies Association as Industry Consolidation Accelerates

BlockBeats reported that Hong Kong took a significant step in blockchain industry governance on August 27, as the Hong Kong Digital Asset Listed Companies Association (HKVALA) officially commenced operations through its founding assembly in West Kowloon. The inaugural event drew participation from prominent government representatives and lawmakers who outlined the regulatory framework supporting the initiative.

The timing of HKVALA’s establishment aligns strategically with Hong Kong’s recent policy developments. The introduction of the Hong Kong Digital Asset Development Policy Declaration 2.0 and the implementation of the Stablecoin Regulation have created a more defined operational environment for institutions operating in this space. These regulatory advances set the stage for more structured collaboration between market participants and government bodies.

Jingbeifang, a key player in financial technology within China’s A-share markets, assumed a leadership position as vice president unit, underscoring the cross-border significance of Hong Kong’s digital asset ecosystem. Kong Jianping, founder of Nano Labs, received recognition as the association’s honorary president, bringing substantial industry expertise to the role.

The association’s mandate extends beyond mere coordination. By bringing together publicly listed companies engaged in digital assets, licensed financial institutions, and blockchain technology developers, HKVALA seeks to establish unified industry standards and strengthen public-private sector engagement. The organization specifically positions itself as a catalyst for regulatory innovation in stablecoin development and institutional-grade digital financial infrastructure.

The founding membership encompasses 49 institutional units, including established players such as China New Economy Investment (00080.HK), Zhonglian Development Holdings (00264.HK), Guofu Quantum (00290.HK), Yunfeng Financial (00376.HK), Boya Interactive (00434.HK), Weishijiajie (00856.HK), OSL Group (00863.HK), Hutaocapital (00905.HK), and Huake Intelligent Investment (01140.HK), alongside organizations like Jinyong Investment (01328.HK), Shuntai Holdings (01335.HK), OK Blockchain (01499.HK), New Fire Technology (01611.HK), Delin Holdings (01709.HK), Hengyue Holdings (01723.HK), HKE Holdings (01726.HK), Central District New Energy (01735.HK), Qizhan Holdings (01808.HK), Huaxing Capital Holdings (01911.HK), and Huajian Medical (01931.HK), collectively representing diverse blockchain and digital finance sectors.

This structural establishment marks a pivotal moment for Hong Kong’s positioning as a regulated blockchain hub in Asia, signaling mature industry infrastructure and commitment to institutional-level digital asset infrastructure development.