In July, Hong Kong-listed companies raised over $1.5 billion for crypto initiatives, driven by new stablecoin regulations and heightened investor interest.
In July, Hong Kong-listed companies raised more than $1.5 billion for crypto ventures, with at least 10 firms disclosing share placements. This surge follows the introduction of new stablecoin regulations, effective August 1, which aims to clarify the market. Notable firms like OSL Group and SenseTime are leading the charge, indicating strong investor interest in blockchain and stablecoin projects.