Make investments Hong Kong, the federal government division liable for attracting international direct funding and the Crypto Valley Affiliation (CVA) of Zug, Switzerland, have signed a Memorandum of Understanding (MoU) to bolster the fintech ecosystems of each areas. The settlement, signed on June 6, 2024, goals to boost collaboration, significantly in blockchain and cryptographic applied sciences. It additionally seeks to supply common market updates to assist corporations in Hong Kong and Switzerland, encourage enterprise improvement in highlighted areas, and facilitate bilateral funding by way of enterprise missions and funding promotion occasions. The MoU represents a big step in fostering a extra interconnected international fintech ecosystem.