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Advisory Network

Web3 Harbour

Hong Kong web3 industry association

Hong KongAssociation

About

Web3 Harbour is a non-profit Hong Kong industry association for web3 and digital asset firms. It was founded on 29 May 2023. Gary Liu, co-founder and chief executive of Terminal 3 and a former chief executive of the South China Morning Post, is its founding chair. Lawrence Chu of VSFG was founding vice-chair.

The association brings together builders, investors, law firms, consultancies and financial institutions. It had 42 corporate members as of June 2026. Its work runs through member-led working groups: Stablecoins & Payments, Legal & Compliance, Custody/OTC, Digital Assets & Tokenisation, and an APAC Policy & Regulatory group run with Global Digital Finance.

In June 2025 it published the Hong Kong Web3 Blueprint with PwC Hong Kong, setting out industry priorities for talent, market infrastructure, standards, regulation and funding. Its working groups have since fed into submissions and advocacy on Hong Kong's virtual asset custody, dealing, advisory and management rules. They also hold a quarterly dialogue with the HKMA. For 2026 to 2027 its advisory board has prioritised payments and settlement (including stablecoins), real-world asset tokenisation and agentic commerce.

Policy engagement

Published the Hong Kong Web3 Blueprint with PwC in June 2025, with recommendations on talent, market infrastructure, standards, regulation and funding, and set up industry action groups including on stablecoins.

Source: SCMP, Jun 2025: Web3 Harbour blueprint

Key actions

  1. The advisory board named payments and settlement (including stablecoins), real-world asset tokenisation and agentic commerce as its priorities for 2026 to 2027.

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  2. Its stablecoin working group released the first Hong Kong Stablecoin Ecosystem Map, covering issuance, custody, compliance, legal and settlement infrastructure.

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  3. Filed a joint response with Global Digital Finance to the SFC and FSTB consultation on licensing virtual asset advisory and management service providers.

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  4. Published the Hong Kong Web3 Blueprint with PwC Hong Kong, naming five enablers for the sector's growth.

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  5. Launched as an industry association with founding members including Animoca Brands, DLA Piper and PwC Hong Kong.

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