Hong Kong’s digital bank, ZA Bank, has begun testing a virtual asset trading service in a regulatory sandbox.

The service aims to provide eligible Hong Kong retail investors with a secure and regulated platform to trade virtual assets.

This move comes as interest in cryptocurrencies grows, with the global market capitalization exceeding US$2 trillion and a recent study showing 75% of Hong Kong investors are interested in trading them.

Following the successful completion of this pilot, ZA Bank intends to prepare for the official launch of the service through the ZA Bank app.

Ronald Iu, CEO of ZA Bank, said,

“The wave of favourable policies and good news from the Hong Kong government and the industry during the Fintech Week will inject new momentum into the local fintech ecosystem.

As a pioneer in local financial innovation, ZA Bank looks forward to sharing more positive updates soon, catering to the demand for virtual assets among Hong Kong users and helping to strengthen the city’s status as a leading international financial centre.”

Featured image credit: Edited from Freepik