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Hong Kong Securities Trade Group Proposes Initial Coin Offering Portal
Hong Kong was once a hub for ICOs until regulators cracked down. But times have changed.
The Hong Kong Securities & Futures Professionals Association, an industry trade group, has suggested the city's authorities should consider creating an initial coin offering (ICO) portal.
ICOs are a method of fundraising, similar to initial public offerings (IPOs) that became popular shortly after the launch of Ethereum in 2015. Many of the most popular Web3 protocols got their start as ICOs, and while there was a ICO bust – because many were scams – during the 2017-2018 crypto winter, they turned out to be a good investment for many long-term holders.
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The problem with ICOs, however, is that the majority, under current interpretations of the law, were flagrant violations of securities rules.
Hong Kong was a hotbed of ICO listings during their heyday, but regulators pushed hard to have exchanges de-list many of the tokens.
So-called "legal" ICOs, known as security token offerings (STO), which started around 2019-2020, weren't much of a hit with investors in Asia, as CoinDesk reported at the time. Many STO portals had minimal trading volume.
But times have changed, and with a bull market on the horizon, it could be the time to give legal ICOs another chance.
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Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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