2026-01-17 05:33:46

Hong Kong fintech company recently announced the completion of a $220 million Series D funding round, with participants including well-known financial institutions such as HSBC, Prudential Hong Kong, and Fubon Bank, as well as insurance giant Allianz X and TOM Group under the CK Hutchison Holdings.

What’s interesting behind this funding is that the investors are not just traditional VCs; more are direct participants from established financial institutions. What does this indicate? It shows that traditional finance’s emphasis on Web3 and digital banking has shifted from observation to active engagement.

The funds raised will mainly be used for two purposes: first, to expand into Southeast Asia, and second, for mergers and acquisitions. The Southeast Asian market indeed still has great potential—its financial infrastructure is relatively weak, but the acceptance of blockchain applications is actually higher. The digital bank under this company was licensed by the Hong Kong Monetary Authority in 2019, and now with backing from so many top-tier financial institutions, the pace of expansion into Southeast Asia is bound to accelerate.

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rugpull_survivor

· 5h ago

Traditional financial giants finally can't hold back anymore. Investing 220 million shows what? It proves that the crypto world is no longer just talk. HSBC, Prudential, and these old-timers are here. Are retail investors still allowed to survive... The Southeast Asian emerging markets are indeed attractive. Poor infrastructure actually presents opportunities; I understand this logic. What about my small coins? When will it be my turn to take off? I've long been optimistic about digital banking. I'm just waiting for this wave. Only fools focus solely on fundraising numbers; who is backing the money is what truly matters.

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TokenomicsDetective

· 5h ago

2.2 billion looks impressive, but does the influx of established financial institutions signal something? Traditional finance either truly understands it or is just experiencing FOMO, who knows. Southeast Asia is indeed a gold mine, but who will really profit? HSBC and others are making big moves, there must be accounts to settle behind the scenes. Web3 is now even harder to ignore. Is Southeast Asia's financial infrastructure lacking? Isn't that an opportunity? The early movers will have the say. Having licenses and capital—this combination is quite powerful. Funding is going so smoothly... Is the market really recovering? Honestly, the participation of old financial institutions is more valuable than VC endorsements. They had licenses back in 2019, and now they’re just starting to expand? The pace is a bit slow.

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GasFeePhobia

· 6h ago

Established financial institutions are really going all in, this is the key signal. --- Southeast Asia is indeed a lucrative market; weak infrastructure has become an advantage, and the acceptance of blockchain applications is really high. --- $220 million directly invested in Southeast Asia, traditional financial institutions are changing their attitude. --- HSBC, Prudential, and other giants are here, indicating that Web3 is no longer just a toy. --- Mergers + expansion combined, Southeast Asian digital banks are about to surge. --- From cautious observation to all in—was the turnaround so quick? Traditional finance is really afraid of being disrupted. --- The Financial Supervisory Authority issued licenses long ago, and now with these big names backing it, Southeast Asia is definitely the next hot spot.

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MEVHunterBearish

· 6h ago

Established financial institutions are entering the scene; this time, the shift is real, no longer just watching from the sidelines. Traditional finance is pouring in real money, and Southeast Asia still has opportunities. Investing 220 million to expand in Southeast Asia, the big players are starting to get serious. This is genuine institutional-level participation, not just the superficial VC game. HSBC, Allianz, and similar institutions are endorsing, and small coin projects should start to rotate. Southeast Asia's financial infrastructure is weak but highly receptive; I accept this logic.

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DecentralizeMe

· 6h ago

Now traditional finance really can't sit still anymore and is jumping in for real HSBC and others are probably testing the feasibility of the model, smart move Southeast Asia's market is so big, whoever gets there first wins With licenses and endorsements, this game is played with strategy Investing 220 million USD shows they truly believe in this venture

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Web3ExplorerLin

· 6h ago

hypothesis: when legacy finance suddenly shifts from spectator mode to active participant, we're witnessing a fascinating oracle problem—they need blockchain to validate what they can't see through traditional channels. interestingly enough, this isn't just capital deployment, it's institutional validation crossing the bridge from old world to decentralized future.

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