Hong Kong is doubling down on its push to become a major player in the crypto world, releasing an updated policy plan to boost stablecoins and digital asset tokenization. This move comes as global competition heats up, especially with the US also making aggressive plays to dominate the crypto space under a potential second Trump administration.

Editor’s Note: Hong Kong's latest policy update signals it's serious about attracting crypto businesses and innovation, but it's not alone—the race to lead the digital asset economy is getting crowded. For investors and fintech firms, this could mean more opportunities (and choices) as major hubs jockey for dominance. The real winner? Possibly crypto adoption itself.