Navigating Hong Kong’s Crypto Path with Innovation and Regulatory Harmony

In April 2025, the HKMA, in partnership with Cyberport, unveiled the second cohort of the Generative AI Sandbox, offering banks a secured environment to develop and test AI-driven solutions—blending i...

1. Launch of the GenAI Sandbox for Financial AI Innovation

In April 2025, the HKMA, in partnership with Cyberport, unveiled the second cohort of the Generative AI Sandbox, offering banks a secured environment to develop and test AI-driven solutions—blending innovation with regulatory oversight.

2. Regulatory Sandbox Embraces Blockchain Technologies

By March 2025, the HKMA’s sandbox had trialed 365 tech innovations—including distributed ledger technology (DLT), APIs, digital identity, and embedded payments—highlighting blockchain’s increasing regulatory acceptance.

3. Open API Infrastructure Enables Third-Party Access

The HKMA’s open API framework enables third-party access to bank data, greatly facilitating the integration of crypto platforms with traditional financial systems and improving flexibility in financial application development.

DogPay: Bridging RegTech and Crypto Payments

Against the backdrop of advancing regulation and FinTech ecosystem maturation, DogPay serves as a critical bridge:

• AI-Enhanced Risk Control for Crypto Payments: Leveraging sandbox-proven AI models, DogPay elevates compliance and safety in digital asset transactions.

• Sandbox Integration for Innovation Testing: DogPay can pilot crypto payment tools within regulatory sandboxes, ensuring market readiness and audit capability.

• API-Driven Integration with Banking Infrastructure: Through open APIs, DogPay seamlessly connects to banking and infrastructure, offering secure and adaptive crypto payment experiences to users and businesses alike.

As Hong Kong refines its digital finance framework, DogPay is positioned as the practical conduit for compliant, innovative crypto solutions.