November 10, 2023
Amberdata is proud to have sponsored Hong Kong Fintech Week from October 30-November 5, 2023. Hong Kong FinTech Week is a cross-boundary FinTech event, taking place in Hong Kong, Asia's financial capital, and Shenzhen. We joined more than 30,000 senior executives and 500 of the world's top speakers (including our own Tongtong Gong) who are shaping the future of financial services by driving a technological revolution in the industry across Asia and globally.
Amberdata was represented by Shawn Douglass, CEO and Co-Founder, Tongtong Gong, COO and Co-Founder, Amanda Chan, Enterprise Sales Director - APAC and Charles Chiang, VP Customer Experience.
On November 2, Tongtong Gong gave a workshop entitled “Unlocking Insights Through Crypto Data Analytics”. At the workshop, she engaged the attendees in a data-centric journey from pinpointing arbitrage trading opportunities to tracking the flows of stablecoin assets. She explored the complexities surrounding lending yields and demonstrated how to spot ‘whales’ to anticipate market shifts.
Of course, our booth was very busy and we left having made important new local connections.
Following the workshop, Amberdata hosted a cocktail event with Bullish and BitGo. The event was a huge success with over 200 attendees.
Top Takeaways
Tokenization was a highlight with the Securities and Futures Commission (SFC) issuing two new circulars during the conference on tokenized securities-related activities and tokenization of authorized investment products, further clarifying expectations for licensed intermediaries. This is as clear a "green light" as the regulator can issue at this time, and is a very encouraging sign for the local tokenization ecosystem in Hong Kong.
AI was also a hot topic. The emergence of generative AI technologies like ChatGPT is, of course, having a profound impact in a way that past technologies cannot match in terms of speed and scale of development and adoption. It was suggested to think of AI as a child, learning not from books, but from millions and millions of web pages and having access to 100 PHDs in a black box. AI will impact every job in every industry. If businesses are not learning how to use generative AI today, they are at a huge disadvantage vs. competitors.
Regulation, as always, was a top theme. Europe, Dubai, and much of Asia have relatively clear frameworks – making them the next frontier for institutional players. Due to Hong Kong’s concise regulatory practices, FinTech and Web3 companies are eager to “use Hong Kong to enter Asia and mainland China markets.” The SFC said it will continue to take market trends into consideration as it continues improving Hong Kong’s regulatory frameworks.
