HK$230 million in assets tokenized… 6 of 9 pilot projects commercialized

Hong Kong’s government-backed blockchain and digital-asset pilot program had tokenized HK$230 million in assets by the end of June, with six of nine supported projects reaching commercial deployment. The program, run by Cyberport and launched in June 2025, drew more than 200 applications in its first intake and spans real-world asset tokenization, payment and stablecoin infrastructure, security and risk management, and decentralized identity. The disclosed figure represents the value of tokenized assets rather than subsidies or investment raised. The results matter as an early gauge of Hong Kong’s push to commercialize tokenization under government sponsorship. Next, watch how the remaining three projects progress toward commercialization and whether the disclosed tokenized value expands in subsequent program updates.