Tuesday, May 21, 2024

Consensus 2025: Strengthening Hong Kong’s Position as a Global Digital Innovation Hub


Hong Kong Stepping Up as a Digital Innovation Hub with Consensus 2025

Hong Kong is reinforcing its position on the global stage by hosting the prestigious Consensus 2025––a landmark event in the world of cryptocurrency and Web 3. This conference, known for being the most impactful gathering in the digital asset space, is venturing outside of the United States for the first time in five years, with Hong Kong selected as the host city. Scheduled from February 19 to 21, 2025, the event is expected to attract 8,000 attendees, including 6,000 from abroad, making it a significant Global nexus for thought leadership and innovation.

In a collaborative effort, the government and the Hong Kong Tourism Board (HKTB) provided comprehensive support to the organizer, CoinDesk, during the bidding process. This included assistance with professional advisory, venue liaison, and site inspection arrangements. Kenneth Wong, HKTB’s General Manager of MICE and Cruise, expressed his enthusiasm: “Consensus’s decision to choose Hong Kong to expand its global footprint is a testament to the city’s fertile environment for businesses and industries. This event not only signifies economic and sectoral advancement but also underscores Hong Kong’s readiness to offer enriched experiences to its participants and the potential for growth success.”

Highlighting the strategic importance of this conference, CoinDesk President Foster Wright remarked on Hong Kong’s strategic positioning as a digital assets hub. He pointed out the city’s strong fundamentals, including a robust business environment and ample growth opportunities, as key factors making it an ideal destination for Consensus’s global expansion. The conference aims to be a melting pot for the cryptocurrency, blockchain, and Web3 community, offering a unique opportunity to learn from global experts and nurture business relationships that can escalate to the international level.

King Leung, Head of Financial Services and FinTech at InvestHK, shared insights into Hong Kong’s ambitious foray into Web3 technology. The emphasis is on embracing frontier technologies such as real-world assets (RWA) tokenization, spanning investment warrants, real estate, and intellectual property to make a new impact in financial services and beyond. The arrival of Consensus underscores Hong Kong’s aspiration and development in the Web3 sector, set to draw entrepreneurs, talent, and investment. Leung emphasized the conference’s role in sparking innovation, attracting tech leaders, and ultimately, elevating Hong Kong’s capabilities as a leading international financial center to better serve the real economy.

Since its initiation in 2015, Consensus has been a crucial platform for stakeholders in the cryptocurrency, blockchain, and Web3 ecosystems to converge, collaborate, and influence the future digital landscape. With a focus on uniting international, local, and mainland participants through thoughtfully curated activities, the upcoming conference in Hong Kong promises to be a momentous event that fosters meaningful interactions and sets the stage for significant digital innovation.

By bringing Consensus 2025 to its shores, Hong Kong is poised to cement its status as a prime hub for digital innovation, setting a precedent for future international events in the city. This initiative not only highlights Hong Kong’s resilient and dynamic business environment but also amplifies its commitment to driving economic growth and technological advancements in the digital age.

Alexandra Bennett
Alexandra Bennetthttps://www.businessorbital.com/
Alexandra Bennett is a seasoned business journalist with over a decade of experience covering the global economy, finance, and corporate strategies. With a Bachelor's degree in Economics and a Master's in Business Journalism from Columbia University, Alexandra has built a reputation for her insightful analysis and ability to break down complex economic trends into understandable narratives. Prior to joining our team, she worked for major financial publications in New York and London. Alexandra specializes in mergers and acquisitions, market trends, and economic

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