The Hong Kong Institute for Monetary and Financial Research (HKIMR), the research arm of the Hong Kong Academy of Finance (AoF), has recently published two groundbreaking Applied Research reports on the topics of decentralised finance (DeFi) and the metaverse. These reports, titled “Decentralised Finance: Current Landscape and Regulatory Developments” and “The Metaverse: Opportunities and Challenges for the Financial Services Industry,” offer a deep dive into the innovative technologies shaping the future of the financial services sector.
The reports provide an in-depth analysis of the applications of DeFi and the metaverse within the financial industry, as well as an overview of the regulatory environments both internationally and in Hong Kong. They also highlight key insights gathered from surveys and interviews with local market practitioners, shedding light on the growing interest in leveraging these technologies within the virtual asset ecosystem.
Enoch Fung, Chief Executive Officer of the AoF and Executive Director of the HKIMR, emphasized the potential of DeFi and the metaverse to drive opportunities for Hong Kong’s financial services industry. He stated, “These emerging technologies, closely connected to broader virtual asset and Web3 developments, will likely offer valuable insights to market participants and regulators, helping to inform future policy initiatives and market innovations for Hong Kong’s digital ecosystem.”
The reports aim to facilitate the healthy development and application of DeFi and metaverse technologies in Hong Kong, offering valuable insights for market participants and regulators alike. They are now available for further reading on the AoF/HKIMR websites.
The Hong Kong Academy of Finance (AoF) is a collaborative initiative involving key financial authorities in Hong Kong, while the Hong Kong Institute for Monetary and Financial Research (HKIMR) focuses on conducting research in monetary policy, banking, and finance that are strategically important to Hong Kong and the Asia region. These Applied Research reports are part of their ongoing efforts to provide insights into the long-term development strategy and direction of Hong Kong’s financial industry.
The release of these reports marks a significant milestone in the exploration of DeFi and the metaverse within the financial services industry, offering a glimpse into the future of finance in Hong Kong and beyond.
