Inside a Regulated Digital Asset Hub: What It Takes for Institutions to Trust Web3

---

I herewith confirm that I read, understood and accepted the privacy policy. I hereby confirm that data which I typed and clicked might be sent to social network owners and saved and electronically processed by them.

---

As Hong Kong’s regulated digital asset market moves from pilots to institution-ready products, banks and investors need to know who stands behind each wallet, issuer, and counterparty.

In Trust Talks Episode 15, Alexandre Kech, CEO of GLEIF, speaks with Rachel Lee, Director of Blockchain and Digital Asset at Cyberport, Hong Kong’s government-owned digital technology hub. Rachel spent about 10 years at Hong Kong Exchanges and Clearing (HKEX) and joined Cyberport around four years ago. Since then, its digital asset community has grown from 70 or 80 companies to more than 320.

The conversation starts with a gap blockchain leaves open: who is behind a wallet, and how organizational identity links on-chain activity to off-chain accountability. Rachel explains how Hong Kong’s licensing regimes, including the Hong Kong Monetary Authority’s first stablecoin issuer licenses, are pushing Web3 projects toward institution-ready infrastructure, and why institutions still hesitate to partner with Web3. She explains where reusable verifiable credentials help most, from onboarding institutional wallets to verifying token issuers. The two also discuss how the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) can work alongside Hong Kong’s CorpID to help companies prove who they are across jurisdictions.
What’s the One Thing?

Rachel Lee: “I think institutions would provide more trust when every important action can be traced to a verified entity, an authorized person, or a clear rule and an accountable outcome. That is also where digital identity kicks in.”

Listen now: linktr.ee/TrustTalks