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WeBank Tech Unveils Blockchain Infrastructure to Power Hong Kong’s Web3 Ambitions

7 April 2025
in Business, News
Reading Time: 3 mins read
106 4
Home Business

WeBank Technology Services has unveiled a new blockchain-based infrastructure to enhance Hong Kong’s Web3 ecosystem, announced at the Hong Kong Web3 Festival 2025.

This “value exchange infrastructure,” introduced by Henry Ma, aims to facilitate secure and compliant value exchanges between institutions, aligning with Hong Kong’s goal of becoming a global Web3 innovation hub and supporting its regulatory push for digital transformation.

As institutional adoption of Web3 grows, significant limitations in current trading frameworks are becoming apparent. Key issues include the restrictions of Layer 1 blockchains to native assets, the lack of reliable mechanisms for over-the-counter trades, liquidity fragmentation from decentralized exchanges using wrapped assets, and the requirement for users to give up control of private keys on centralized exchanges. These challenges undermine institutional confidence in the market. To overcome these obstacles, a unified infrastructure is needed to support diverse assets while ensuring high security and compliance standards. A proposed solution involves a trusted framework that utilizes atomic swaps for secure transactions and implements strict access protocols to meet regulatory requirements.

“The goal is to create an environment where institutions can transact with confidence under a regulated framework,”

Ma said.

POTOS (Portal of the Orient Symposium for Web3) is a blockchain system designed for Hong Kong’s institutional Web3 ecosystem. It features a high-performance underlying chain to unify different asset types, trusted cross-chain protocols for atomic swaps, and advanced privacy and compliance through zero-knowledge proofs and multi-group architecture. Ma emphasizes that POTOS aims to restore blockchain’s original purpose as a “trust machine” and serves as a strong foundation for the future of digital finance.

“We want to provide the infrastructure that supports secure, compliant innovation in Web3,”

he added.

This launch comes as Hong Kong continues to ramp up efforts to assert itself as a global leader in Web3 and digital finance. Central to this strategy are initiatives around tokenization and stablecoins, which are rapidly becoming key pillars in the city’s evolving financial landscape.

 

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Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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