Digital asset custody and wallet infrastructure provider Cobo has announced its approval by the Hong Kong government as a key enterprise partner. According to Foresight News, on April 20, Cobo COO Lily Z. King attended the signing ceremony, witnessed by Hong Kong Financial Secretary Paul Chan and other government officials, officially marking Cobo's partnership with the Hong Kong Special Administrative Region government.
Cobo, headquartered in Singapore, plans to establish its Northeast Asia regional headquarters in Hong Kong, with an expected cumulative investment of several hundred million Hong Kong dollars by 2030. The company aims to significantly expand its local team and recruit blockchain, security, and AI professionals globally, increasing its investment in Hong Kong.
Additionally, Cobo intends to advance the development of its Cobo Agentic Wallet infrastructure in Hong Kong and implement part of the research and development work related to the Google Agentic Payment (AP2) protocol. These efforts are aimed at further supporting the development of Hong Kong's fintech digital assets and AI industries.
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