HONG KONG, Aug. 25, 2025 /PRNewswire/ — With the formal enactment of the Hong Kong Stablecoin Ordinance, new momentum has been injected into the development of digital financial technology. The “Stablecoin Innovation Forum: Exploring the New Era of RWA and Fintech”, hosted by Alibaba Cloud, was successfully held at the Conrad Hong Kong.
The forum brought together over a hundred industry leaders from fields such as payment finance, physical assets, and trading platforms to engage in in-depth discussions on cutting-edge topics including stablecoin regulatory frameworks, innovative applications of digital assets, and the transformation of brokerages into RWA. Representatives from several well-known institutions shared their innovative practical achievements, collectively exploring how stablecoin technology can reshape the financial services ecosystem.
As the digital payment platform under Hong Kong-listed company WellCell Holdings Co., Limited (02477.HK), Fopay showcased its innovative digital asset circulation solution at the forum, drawing widespread attention from attendees with its three core advantages: “integrated convergence, Hong Kong compliance, and three-step simplicity”.
Security • Compliance • Ease of Use: Redefining the Digital Payment Experience
Fopay Business Development Director Calvin Chau emphasized: “The core pain point in current digital asset applications lies in the fragmented payment experience. Fopay’s mission is to make stablecoin payments as simple as using a credit card.” He elaborated three core advantages on the platform:
Firstly, Fopay’s vision is to fully meet regulatory compliance requirements and, through collaboration with leading industry institutions, build a comprehensive financial payment ecosystem that connects stablecoin assets with the Web 2.0 world. This mainly includes stablecoin asset management, card services, cross-border payments and acquiring services, and more, providing enterprises and individuals with a one-stop service for stablecoin-related receiving, paying, managing, remitting, and exchanging.
Secondly, in the field of digital assets, security and trust are the prerequisites for all innovation. Built on a solid foundation of compliance within Hong Kong’s well-established regulatory framework, Fopay strictly adheres to Hong Kong’s virtual asset regulatory requirements. As a compliant platform under a listed company, it provides institutional-grade protection for user assets through licensed operations, transparent auditing, and a robust reserve mechanism.
This “compliance endorsement” from Hong Kong is the core trust assurance that distinguishes Fopay from other solutions.
Thirdly, creating an extremely simple user experience completed in three steps streamlines the entire process. Users only need three steps: register, top up, and “tap” to spend freely. Fopay significantly lowers the barrier to using digital payments, ensuring technology truly serves people.
Calvin stated that Fopay’s innovative solution not only addresses the payment pain points of individual users but also provides a compliant pathway for enterprises to participate in the digital economy. Fopay will continue to collaborate with industry ecosystem partners to accelerate the synergistic innovation between Web3 and traditional finance, offering implementable solutions for digital asset application scenarios, and supporting the innovative development of fintech in Hong Kong and globally.
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SOURCE WellCell Holdings Co Ltd.
