Hong Kong is set to establish an international digital asset center, according to Legislative Council member Wu Jiezhuang. The initiative aims to balance innovation with compliance, fostering a robust environment for digital asset businesses. Wu highlighted the potential of integrating capital markets with the digital asset industry to inject new momentum into the market. Additionally, the development of DePIN, which merges blockchain with the real economy, is anticipated to transform sectors like IoT, energy, and transportation. This focus on Web3 applications is expected to open new market opportunities, as showcased by international exhibitors at Cyberport.