Hong Kong Cyberport launches "Blockchain and Digital Asset Pilot Grant Scheme" with a maximum funding of HKD 500,000

According to ChainCatcher, Hong Kong Cyberport has launched the "Blockchain and Digital Assets Pilot Funding Scheme," which is now open for applications. The scheme will provide financial support to enterprises at the development stage to test high-impact blockchain and digital asset solutions. Each eligible pilot project can receive up to 80% funding, with a maximum grant of HKD 500,000. The funding will be disbursed in two phases: the first phase as seed funding, and the final phase upon completion of the pilot test and confirmation by the sponsoring institution. The application deadline is August 1.

The scheme covers multiple areas, including RWA tokenization, stablecoins and payment solutions, decentralized identity, Web3 security, distributed AI/machine learning (ML), as well as social innovation and digital experience. Enterprises are required to have a sizable institution as their sponsor to demonstrate the commercial viability of their pilot project. Applicants must be companies or research institutions registered and operating in Hong Kong, and must meet the relevant eligibility requirements. The proposed solution must be directly related to a recognized Web3 field and should address real-world challenges faced by relevant institutions in Hong Kong, offering innovative solutions that are not yet available in the market.