Singapore-headquartered payment and treasury management platform SUNRATE has signed an agreement with the Office for Attracting Strategic Enterprises (OASES) to become a strategic enterprise in Hong Kong.
The move is designed to support the broader SUNRATE Web3 expansion, allowing the company to use the city as an innovation centre to deepen its fintech capabilities alongside its core cross-border payment operations.
Hong Kong’s regulatory framework for virtual assets and its proximity to the Greater Bay Area make it a strategic gateway for the firm to connect Mainland China with global markets.
Working with the government office, SUNRATE will receive policy support to scale its operations and increase its local investment.
“We are pleased to join OASES and establish Hong Kong as a key base in our global strategy,”
said Paul Meng, Co-founder and CEO, SUNRATE.
He added that the company will explore compliant innovation in emerging areas such as blockchain and digital finance.
It will also strengthen its existing global treasury management business.
The OASES agreement follows a series of recent regulatory and operational milestones for the company.
SUNRATE recently secured a payment license in China and launched a new global operations centre in Kuala Lumpur.
The platform holds licenses and regulatory approvals across multiple markets. It provides cross-border payments, commercial cards and treasury solutions to businesses globally.
Featured image credit: SUNRATE press release
