The race for Web3's capital is on, and Hong Kong intends to win it. 🇭🇰 Hosted #IOSG × HK LegCo · Founder Tea #1 this week. Our founding partner @jocyiosg brought together 16 top Web3 founders at Cyberport with the Hon. Duncan Chiu, HK Legislator. Across four tracks: → RWA @AssetoFinance,@DigiFTTech, Anchored, @StableStock → Public Markets @RedotPay, @MicrobitCapital, Boyaa Interactive, @SoSoValueCrypto → Infrastructure @alt_layer, @brevis_zk, @Conflux_Network, @Sign → DeFi @SynFuturesDefi, @dForcenet, Unified Labs 6 hours of unfiltered truth, centered on one question: "Why HK over Singapore?" The discussion covered HK's strengths (financial depth, legal system, location), where it still falls short (compliance costs, licensing, banking access), and concrete asks to government: tiered regulation, an innovation sandbox, lighter licensing, and a clear path for digital asset trusts (DAT). Duncan set this as the first consultation for Hong Kong's first-ever 5-Year Web3 Plan (2027–2032), reaching the Chief Executive's Office by end of June. In his words: "I hope to submit these recommendations and have them included in Hong Kong's first-ever 5-Year Plan — shaping the city's Web3 direction for the next five years."