ChainCatcher reports, Hong Kong Cyberport has launched the "Blockchain and Digital Assets Pilot Scheme," which is now open for applications. The scheme will provide funding support for enterprises at the development stage to test blockchain and digital asset solutions with high impact. Each eligible pilot project can receive 80% funding, with a maximum grant of 500,000 Hong Kong dollars. The funding will be disbursed in two stages, with the first installment as startup funds and the final installment released after the project completes pilot testing and is confirmed by the sponsoring organization. The application period for the scheme ends on August 1st.
The scheme covers multiple domains, including RWA tokenization, stablecoin and payment solutions, decentralized identity, Web3 security, distributed AI/machine learning (ML), and areas such as social innovation and digital experiences. Enterprises need to have a substantial institution as their sponsor, demonstrating the commercial potential of their pilot project. Applicants must be companies or research institutions registered and operating in Hong Kong, and must meet the relevant application eligibility requirements. The proposal must have a direct connection to recognized Web3 domains and must propose innovative solutions not currently available in the market, addressing practical issues faced by relevant Hong Kong institutions.
