HONG KONG — Chinese insurer-backed ZA Bank is looking to ride Hong Kong’s push to become a cryptocurrency and blockchain hub by focusing on clients that many traditional banks in the city have shied away from. ZA says 60 to 70 companies involved in Web3 — a concept covering cryptocurrency, blockchain and other technologies related to the digital economy — have accounts at the bank. Of those, 20 or 30 are looking to become licensed crypto trading platforms, ZA Alternate CEO Devon Sin told Nikkei Asia.
Hong Kong virtual bank ZA bets on city’s blockchain goals
