Neo, the open-source, community-driven platform where developers are building the Smart Economy, announced that it has officially opened its Hong Kong office, expanding its presence in the emerging blockchain hub. Located within Cyberport, Hong Kong’s leading digital tech and Web3 hub, the new office will be at the forefront of Neo’s drive to realize the Smart Economy and will serve as a base to support Hong Kong’s leading Web3 developer talent and promote investment in the region.

As part of the new office opening, Neo is joining the Cyberport Incubation Programme where it will benefit from financial support as well as key networking support and opportunities.

Speaking at the opening of the new office, Da Hongfei, Founder of Neo and CEO of Neo Global Development said, “I’m thrilled to officially open this new office in Hong Kong, marking a significant step in our continued expansion across Asia and aligning our efforts with the already excellent work being done by the Hong Kong government authorities to solidify Hong Kong as a Web3 hub. Hong Kong’s position as a center of innovation was exemplified by our recent highly successful Neo APAC Hackathon that featured events in five cities across the region, uncovering and showcasing the finest in developer talent across Asia. We held our well-received hackathon Hong Kong finale and associated celebration at Cyberport in recognition of its critical role in fostering development of the Web3 sector. We are now delighted to join the Cyberport Incubation Programme in recognition of our own role as a Web3 innovator.”

Da said that this opportunity will prove critical in Neo’s efforts to support local developer talent in Hong Kong: “Our mission has always been to discover and support local talent,” he said. “Our new office now opens exciting doors for local developers to make global connections.”

Neo’s expansion into Hong Kong solidifies its presence within Asia’s booming Web3 ecosystem, promoting community growth and innovation. As countries across Asia have deployed new regulatory frameworks for the adoption of digital assets, Hong Kong has clearly emerged as a significant player in the new financial market. By establishing its own anchor in Hong Kong, Neo is now adding to the regional momentum with a drive to forge new relationships with local enterprises, universities, and local talent, truly fostering a distributed network for the Smart Economy.