As the co-founder and general partner at the early stage venture capital fund Race Capital, Edith Yeung has had a front-row seat to the evolution of the crypto sector, especially in Hong Kong, her birthplace. Notably, she was an early investor in Solana, investing $250,000 while SOL was worth just $0.04, and had also invested in Lightning Network. Since 2017, Yeung has authored the influential China Internet report, detailing tech trends in China.
In an interview ahead of the upcoming Consensus Hong Kong event, Yeung discussed the progress of Hong Kong as a crypto hub, her thoughts on China's crypto regulations, future predictions for Solana, and overall expectations for the crypto market in 2025.
"It’s thrilling to see that Hong Kong now has seven SFC-licensed virtual asset trading platforms. Regulatory clarity and predictability are crucial—they give investors the confidence to proceed without worrying about unforeseen changes."
Translation: It’s thrilling to see that Hong Kong now has seven licenses for virtual asset trading platforms. Clear regulations give investors confidence to move forward without unexpected challenges.
She stressed that while licensing is important, liquidity remains critical. "A great platform without liquidity is like a highway with no traffic; there's no purpose," she remarked.
Yeung envisions Hong Kong as the equivalent of Wall Street in Asia, teeming with financial talent ready to innovate in both traditional and decentralized finance.
"If you're in Hong Kong, you'll find many professionals who can drive your business forward. Our financial history stretches back over 150 years, providing a rich talent pool for the crypto sector to thrive."
Translation: If you're in Hong Kong, you'll find many professionals who can drive your business forward. Our financial experience spans over 150 years, offering a rich talent source for crypto growth.
Looking ahead, she predicts that by the end of 2025, a U.S. Bitcoin Reserve will be established, which could influence global Bitcoin pricing significantly and prompt other nations to adopt similar strategies.
