Invest Hong Kong and Crypto Valley Association Sign Memorandum of Understanding

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By David Brooks

Invest Hong Kong (InvestHK) and the Crypto Valley Association (CVA) of Zug, Switzerland signed a Memorandum of Understanding (MoU) on June 6, 2024 to strengthen the mutual relationship and cooperation between Hong Kong and the fintech ecosystems Switzerland at the Crypto 2024 Valley Conference.

The MoU ceremony was represented by Global Head of Financial Services and Fintech at InvestHK, Mr. King Leung, Crypto Valley Association Board Member, Mr. Ilya Volkov, and Crypto Valley Association Managing Director, Ms. Nikoletta Csanyi. The aim is to strengthen the close supportive relationship between InvestHK and CVA and strengthen cooperation between the Hong Kong and Swiss fintech ecosystems, particularly in the area of ​​blockchain and cryptographic technologies.

The MoU focuses on providing regular updates based on current market information to help companies in Hong Kong and Switzerland gain a better understanding of fintech trends and developments. In addition, by providing relevant information and facilitating network building, interested companies, start-ups and investors are encouraged to further develop their businesses in highlighted areas. In addition, it supports and facilitates inbound business missions and investment promotion events that promote bilateral investments between the two economies.

InvestHK’s Director General of Investment Promotion, Ms Alpha Lau, said: “Hong Kong is well positioned as a value-added super-connector to promote innovation and its commercialization.” InvestHK proactively supports companies that want to grow and succeed in Hong Kong and beyond. This MoU not only represents a new milestone in cooperation between the fintech ecosystems of Hong Kong and Switzerland, but also underlines the city’s attractiveness as a premier destination for fintech and Web3 innovation. We look forward to facilitating the active development and integration of enterprise technologies into the city’s international financial services system.”

Ms. Nikoletta Csanyi said: “Innovation knows no boundaries and through strategic partnerships like this one between InvestHK and Crypto Valley Association, we are paving the way for a stronger, more connected global fintech ecosystem.” This Memorandum of Understanding demonstrates our commitment to advancing the Collaborating, driving technological advances and creating opportunities for growth and innovation across our ecosystems. Together we have the opportunity to shape the future of finance and bring Hong Kong and Switzerland to the forefront of fintech excellence.”

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