Omer Ozden, CEO of RockTree Capital, urged Hong Kong regulators and financial institutions to continue to embrace Web3 in order for it to become a hub for crypto capital markets increasing  Hong Kong’s global competitiveness.

“Hong Kong, just like New York and Singapore, is a center of TradFi capital markets and thus is well-suited to be a hub for crypto capital markets and Web3 development, since the earliest use-cases in Web3 have been financial. Significant members of the U.S. Web3 community have moved from San Francisco to New York because of this truism, and I see a similar future for Hong Kong.” said Ozden. He further stated that the recent favorable regulatory advancements in Hong Kong will be seen as a major milestone in the development of Web 3.0, promoting industry collaboration and interest from global investors.