Tag: TradFi

Hong Kong Takes the Lead: Spot Ethereum ETF Staking Approved
While U.S. regulators continue to debate staking provisions, Hong Kong’s Securities and Futures Commission (SFC) has moved swiftly—on April 10, 2025 it greenlit staking services for spot Ethereum (ETH) ETFs, with HashKey Exchange rolling out the first offering. This pioneering decision not only underscores Hong Kong’s forward‑looking Web3 regulatory approach but also cements its status as the Asia‑Pacific hub for digital‑asset innovation. It marks a significant step in the fusion of traditional finance (TradFi) and decentralized finance (DeFi).
Visa and Bridge Launch USDC‑Powered Visa Card in Six Latin American Markets—Hong Kong Pilot on the Horizon?
Visa has teamed up with Bridge—recently acquired by Stripe—to introduce a USDC‑backed Visa card in Argentina, Colombia, Ecuador, Mexico, Peru and Chile. Cardholders can spend stablecoins anywhere Visa is accepted without extra conversion steps or settlement delays. This rollout marks a pivotal shift from Web3 experimentation toward real‑world financial integration. With plans to expand into Europe, Africa and Asia, Hong Kong’s robust financial infrastructure and progressive stablecoin sandbox regime make it a natural candidate for a future pilot.