Despite the promising pass of an Ordinance, use cases of stablecoins in Hong Kong remain vague. Adopting retail stablecoins depends on multiple factors, including the regulator’s stance and technical concerns, such as monitoring unhosted wallets.
The region’s private credit markets are emerging as the next big opportunity for investors who are searching for higher yielding assets, and Singapore start-up, Kilde, is making a unique play for this under-tapped asset class.
Fierce competition between Lazada, Shopee, Tokopedia and Bukalapak is driving up costs and accelerating consolidation. Chinese buyers are staking their turf.