Hong Kong Cyberport has launched the "Blockchain and Digital Asset Pilot Grant Scheme," which is now open for applications.

BlockBeats news, on June 26, Hong Kong Cyberport launched the “Blockchain and Digital Assets Pilot Funding Scheme,” which is now open for applications. The scheme will provide funding support for enterprises in the development stage to test high-impact blockchain and digital asset solutions. Each eligible pilot project can receive 80% funding, with a maximum funding amount of HKD 500,000. The funding will be distributed in two phases, with the first phase being the startup fund, and the final phase being disbursed after the project completes the pilot test and is confirmed by the sponsoring organization. The application period for the scheme ends on August 1. The scheme covers multiple areas, including RWA tokenization, stablecoin and payment solutions, decentralized identification, Web3 security, distributed AI/machine learning (ML), as well as social innovation and digital experience. Enterprises need to have a sizable organization as their sponsor to demonstrate that their pilot project has commercialization potential. Applicants must be companies or research institutions that are registered and operating in Hong Kong and must meet the relevant application eligibility requirements. The proposal must have a direct connection to recognized Web3 fields and needs to address actual problems faced by relevant institutions in Hong Kong, proposing innovative and market-unavailable solutions.