Hong Kong's Cyberport has launched the 'Blockchain and Digital Asset Pilot Funding Program' to bolster Web3 and blockchain application development. The initiative offers up to HKD 500,000 per project, covering up to 80% of costs, with applications open from June 18 to August 1, 2025. Companies can submit up to three projects, which must be completed by November 16, 2025. The program targets decentralized infrastructure, ESG, and risk management, requiring applicants to be registered and operating in Hong Kong.