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Hong Kong-listed CloudAlpha Financial (00376.HK) announced on July 14 a strategic pivot into Web3.0, Real World Assets (RWA), and digital currencies. The move includes:
Stablecoin investments: Aligning with Shanghai SASAC’s crypto research initiatives, CloudAlpha plans to digitize assets via blockchain for cross-border trade and supply chain finance .
AI integration: Enhancing risk management for its insurance and fintech operations, targeting institutional clients in Asia-Pacific .
This follows Cloudflare’s earlier $100M Web3 fund and underscores Hong Kong’s role as a global RWA hub, with over 40 institutions upgrading SFC licenses for virtual asset trading
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