A traditional payment giant stepping into Web3, without launching a product, but by shaping the conversation.
Hong Kong-based fintech firm IDA has announced a new concept-stage accelerator program in collaboration with Brinc , XDC Network , and Octopus Holdings Limited. The program explores how stablecoins could unlock new loyalty and incentive models for local merchants and SMEs.
Octopus has clarified that its role is purely advisory—this is not a product development initiative, nor does it constitute a formal partnership. Instead, the focus is on exploring how Web3-native solutions could enhance user engagement in compliant and innovative ways.
Selected startups will:
- Collaborate with Hong Kong’s top payment-tech companies
- Explore blockchain use cases with industry leaders
- Access opportunities to pilot real-world Web3 loyalty and payment solutions
With Hong Kong’s stablecoin regulatory framework taking effect on August 1, this accelerator arrives at the perfect time to shape compliant, next-gen innovations for Asia’s digital economy.
Applications are now open — join the program and help reimagine Web3 loyalty: https://hubs.ly/Q03wQvZj0
This move, while not a direct launch, could signal the growing interest from traditional payment networks in bridging Web2 systems with Web3 rails—especially in a regulated environment like Hong Kong.
What are your thoughts—could Hong Kong leapfrog QR code payments and go straight into stablecoin-powered loyalty systems?
