Hong Kong has issued two stablecoin licenses this month, marking a significant step in its commitment to embracing Web3 technologies. Financial Secretary Paul Chan emphasized at the Hong Kong Web 3 Festival on April 20, 2026, that the city remains open to Web3 institutions, highlighting the potential of blockchain and digital assets to address real-world problems. In addition to the stablecoin licenses, Hong Kong has issued over $2 billion in tokenized bonds. The government plans to establish a committee to explore the integration of Web3 and AI, signaling a forward-looking approach to technological innovation and cross-border payment solutions.