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From Hong Kong to New York: Henry Chen Connects Global Digital Asset Communities

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From Hong Kong to New York: Henry Chen Connects Global Digital Asset Communities

In many ways, the real value of a new service or technology can only be understood once it hits the international stage. This is as true for goods and assets as it is for services, be they physical or digital. Especially in today’s increasingly globalized markets, the ability for a given asset to perform consistently across distantly separated communities is crucial for its success. For digital assets and technologies like cryptocurrency and the blockchain, where established institutions are only just buying into their potential, building global connections is of paramount importance.

This is precisely what seasoned finance professional, entrepreneur, and community builder Henry Chen has spent recent years doing. As Partner and CBO of SNZ Holdings, former Head of Capital Markets and RWA at KuCoin Group, and former Executive Director at Goldman Sachs in Hong Kong, Chen can bridge the old-school financial institutions and the hungry innovative fintech solutions of today. With fifteen years of experience spanning both traditional finance and modern fintech—with a specific focus on the institutionalization of cryptocurrencies, on-chain financial infrastructure, and blockchain mass adoption—Chen is uniquely positioned to foster and connect digital asset communities across the globe.

“When developers, users, and entrepreneurs are all part of the same ecosystem and can engage directly, products improve more quickly and adoption happens more organically,” Chen explains. “That kind of interaction is especially powerful in Web3, where protocols, applications, and infrastructure need to work together across many different participants. The community model allows that coordination to happen in a much more fluid and adaptive way.”

Building Community One Gathering At A Time

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Henry Chen has organized and attended events in Hong Kong, New York, and San Francisco focused on building the future of blockchain and digital assets, and has made connecting these digital asset communities a key focus of his work moving forward. Each city is interested in the future of blockchain and digital assets, each from a different perspective. As a result, opportunities to foster and interact with the communities in these cities represent opportunities to deepen connections and grow the overall digital asset space. It’s through events like these, and the community collaborations they enable, that Chen hopes to connect digital asset communities around the world.

“The most meaningful gatherings create new relationships, unlock specific collaboration opportunities, and give participants a clearer perspective on what really matters in the next phase of the industry,” says Chen. “That requires thoughtful curation, honest content, and an environment where people feel comfortable discussing both opportunities and constraints.”

Perhaps the most successful example is the organization and creation of Hong Kong’s first permanent community space for the Ethereum ecosystem in Asia: Hong Kong Ethereum Community Hub. The Hub’s Grand Opening drew over 1500 registrants from around the world, and garnered the support of an array of institutional co-sponsors. This novel space—created and organized by Chen in collaboration with SNZ, Ethereum Foundation, and other leaders in the Ethereum community—serves as an international nexus connecting Web2 and Web3 developers from the East and West through daily co-working, community events, and workshops for the Ethereum community.

“The hope is that ETH HK Hub becomes a model for how physical community infrastructure can strengthen decentralized ecosystems,” Chen says. “If we can demonstrate that a well-run, values-driven hub can create lasting value for builders, institutions, and the broader Ethereum community, then other regions may follow with their own hubs.”

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Aside from Hong Kong Ethereum Hub, Chen’s events in New York and San Francisco demonstrate that digital asset ecosystems continue to be a hotbed of innovation and experimentation. Each of the three community centers showed a unique perspective. Hong Kong is very focused on building institutional-grade infrastructure and attracting capital to a long-term ecosystem. New York’s digital asset community tends to frame digital assets within the context of global capital markets, compliance, and product structuring. San Francisco is, as always, the birthplace of experimentation, and its proximity to Silicon Valley’s product culture—especially around AI—continues to affect its ideas and frontier applications.

“What stands out across all three cities is that on-chain finance increasingly looks like the next generation of fintech,” explains Chen. “The infrastructure is still at an early stage, but the direction is clear: blockchain can make finance more accessible, more efficient, and more programmable in ways that can meaningfully upgrade the financial system.”

The Value Of Connection To Web3

As digital asset communities continue to grow, institutions and individuals alike are rushing to build connections and establish community centers. Indeed, leaders and organizers like Henry Chen are becoming linchpins of the ecosystems they interact with, and that’s for one reason: connecting global communities is becoming one of the most valuable contributions someone can make in Web3. Established financial institutions are investing resources into Web3 and digital assets more than ever before; the time of the typical investor being the most valuable contributor has already come and gone. For those most interested in Web3’s development and flourishing, the most meaningful way to contribute is to bring people together and build communities.

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“In practical terms, that means helping founders sharpen strategy, connect with the right institutions and markets, and navigate regulation, product design, and execution in a more efficient way,” Henry Chen explains. “The role is less about being a typical investor or agent and more about taking the journey from concept to company-building materially easier and more credible with the founding teams.”

This shift in focus comes as a direct result of the optimism and real development in the broader digital asset ecosystem. Experienced market participants are seeing projects that combine real-world problems with credible execution capability and realistic paths to adoption—projects that aren’t focused on generating buzz, but on solving actual systemic bottlenecks. Real World Asset tokenization continues to gain momentum, in large part because institutions are starting to structure tokenized products that fit within existing legal and operational frameworks, but also because there’s a growing focus on secondary liquidity, utility, interoperability, and data transparency.

“What gives the most optimism is the combination of maturity and ambition in the current conversations,” says Chen. “There is far less focus on purely speculative cycles and far more focus on infrastructure, RWA, payments, on-chain finance, and developer tools—areas that can support multi-decade growth. People are asking harder questions, but they are also building more serious answers.”

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Larvotto not to pursue Hammer acquisition

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Larvotto not to pursue Hammer acquisition

Larvotto Resources has announced it will not submit a counter bid to acquire Hammer Metals.

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Japanese corporate giant takes stake in huge offshore windfarm project in the Celtic Sea

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Sumitomo Corporation has acquired a third stake in the Gwynt Glas project

Gwynt Glas.

A Japanese corporate has taken a third stake in a planned huge floating offshore windfarm off the coast of Pembrokeshire.

Having secured an option to develop a 1.5 gigawatt windfarm in the Celtic Sea from the Crown Estate last year, joint venture partners in the Gwynt Glas project, EDF power solutions and Irish Government-owned ESB, have sold a third stake to Sumitomo Corporation

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The value of the deal, which gives the three parties an equal third ownership interest, has not been disclosed.

The floating offshore windfarm is one of three in the Celtic Sea being taken forward via the Crown Estate’s offshore wind leasing licensing round five. The other straddles Welsh and English waters, with a third solely in English waters.

Once all three are operational in the mid 2030s they will have combined capacity for 4.5 gigawatt of clean energy that would generate the electricity needs for more than four million homes and create more than 5,000 direct and supply chain jobs – creating a £1.5bn economic boost.

Gwynt Glas said its project continues to make “strong progress “having submitted its scoping report for the project to the Planning Inspectorate this summer

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Matthieu Hue, chief executive of EDF power solutions UK and Ireland said “We are delighted to welcome Sumitomo Corporation to the Gwynt Glas team. Their extensive global experience in offshore wind development and investment complements our own and ESB’s, creating a powerful partnership dedicated to delivering this vital project for Wales and the UK. We look forward to working closely with our new and existing partners.”

Jim Dollard, executive director, generation trading at ESB said:“We are delighted to welcome Sumitomo Corporation to the Gwynt Glas project, and are looking forward to working with them together alongside our longstanding partners, EDF power solutions UK and Ireland.

“This marks another significant step at this stage of the project – one which is so important to us at ESB as offshore wind will be a cornerstone of the delivery of our net zero carbon emissions strategy.

Jun Minase, general manager, Overseas Energy Solutions SBU at Sumitomo Corporation, said: “We are delighted to join the Gwynt Glas project. As a large-scale floating offshore wind development being advanced by EDF power solutions UK and Ireland and ESB, the project represents an important opportunity to contribute to the energy transition.

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“Leveraging our experience and expertise in both the UK market and the offshore wind sector, Sumitomo Corporation will work closely with its partners to support the successful development of the Project and enhance its long-term value.

“The United Kingdom remains an important strategic market for market for Sumitomo Corporation. Through this investment, we aim to contribute to the UK Government’s Net Zero 2050 ambitions while supporting the energy transition and the realisation of a more sustainable society.”

All three floating offshore windfarm projects in the Celtic Sea will seek contract for difference support, which will ensure energy produced will be commercially viable, from the UK Government. Turbines could be as high as the Shard building in London at 300 metres on floating platforms similar in size to a football pitch. They will be anchored to the seabed via huge chains.

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Kospi Edges Higher, Snaps Two-Day Losing Streak As Bargain Hunters Rescue Chip Stocks After Wall Street Rally

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Earnings News: Micron Technology Inc (NASDAQ: MU)

SEOUL — South Korea’s benchmark Kospi index closed higher Monday, snapping a two-session losing streak, as bargain hunters moved into semiconductor-related shares following a record-setting rally on Wall Street, even as foreign investors continued heavy selling and the won weakened against the dollar.

The Kospi rose 40.89 points, or 0.65%, to close at 6,299.66 after a volatile session that saw the index swing between strong early gains and a more subdued afternoon. The index opened 0.76% higher at 6,306.33 and briefly surged as much as 2.16% in early trading before paring most of those gains as the day wore on, ultimately settling just shy of the psychologically significant 6,300 level.

The secondary Kosdaq market fared considerably better, jumping 6.97% to close at 854.47, a gain of 55.66 points, as smaller technology and growth-oriented stocks attracted heavy buying interest.

Trading volume on the main board was moderate, with 629.9 million shares changing hands worth a combined 29.09 trillion won, or roughly $20.5 billion. Advancing stocks outnumbered decliners by a wide margin of 695 to 183, suggesting broad-based buying even as the index’s overall gain remained modest relative to the number of stocks that moved higher.

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Foreign investors extended their selling streak, offloading a net 1.48 trillion won worth of shares during the session. Institutional investors and retail traders both stepped in on the other side of those trades, purchasing a net 567.4 billion won and 899.8 billion won, respectively, helping cushion the market against the scale of foreign outflows.

Large-cap technology names were mixed. Samsung Electronics slipped 0.43% to 230,000 won after opening in positive territory, while SK Hynix edged down 0.14% to 1.42 million won, also having started the session higher before losing ground. The pullback in the two chip giants came after reports that Apple is considering sourcing memory chips from Chinese manufacturer CXMT, a development that weighed on sentiment toward Korea’s dominant semiconductor exporters even as the broader market advanced.

Lee Kyung-min, an analyst at Daishin Securities, said the reports around Apple’s potential shift toward Chinese memory suppliers pressured large-cap chip stocks during the session, even as “bargain hunters moved into semiconductor equipment and materials stocks” elsewhere in the sector, helping offset losses in the biggest names.

Other major stocks fared better. LG Energy Solution gained 2.08% to 367,500 won, while automaker Hyundai Motor rose 3.16% to 408,000 won, both benefiting from renewed investor appetite following the strong close on U.S. markets at the end of last week.

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Monday’s rebound in Seoul followed a rally on Wall Street on Friday, when U.S. job data eased concerns over further interest rate hikes from the Federal Reserve. The Dow Jones Industrial Average rose 0.28% and the S&P 500 added 0.62% to close at a fresh record, while the tech-heavy Nasdaq Composite jumped 1.3%. The improved sentiment on U.S. markets carried into Asian trading Monday, with Japan’s Nikkei 225 also posting solid early gains alongside the Kospi as investors across the region responded to easing rate-hike fears and renewed optimism around artificial intelligence-related spending.

The Korean won weakened by 2.3 won from the previous session to trade at 1,418.4 won against the dollar as of 3:30 p.m. local time, reflecting continued pressure on the currency even as local equities advanced. The won’s slide came against a backdrop of persistent foreign selling in Korean equities, a dynamic that has kept currency traders watchful in recent weeks even as the stock market itself has shown resilience.

Monday’s gains came after the Kospi closed lower for two consecutive sessions last week, weighed down by a bout of foreign selling that had interrupted what had otherwise been a strong year for Korean equities. The index remains sharply higher than year-ago levels, having been lifted over the past year by sustained investor enthusiasm for semiconductor stocks and optimism around artificial intelligence-related capital spending across the technology sector, even as the market has periodically seen sharp pullbacks tied to swings in global risk appetite and volatility linked to leveraged retail trading products.

The session also unfolded against a broader domestic political backdrop, with South Korean President Lee Jae Myung facing declining approval ratings amid concerns over policy execution and debate around the administration’s approach to prosecutorial investigative powers. While the political developments have drawn attention domestically, Monday’s market action appeared to be driven primarily by the shift in global sentiment following Friday’s Wall Street rally rather than by local political news.

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Looking ahead, investors in Seoul are likely to continue watching developments in the global semiconductor supply chain closely, particularly any further signals on whether major U.S. technology companies might diversify their chip sourcing away from established Korean suppliers. Market participants are also expected to keep a close eye on upcoming U.S. inflation data and any further signals from the Federal Reserve on the path of interest rates, both of which are likely to continue shaping sentiment in Seoul in the sessions ahead.

For now, Monday’s advance offered some relief to investors after a choppy stretch for Korean equities, even as the modest size of the Kospi’s gain — relative to both its early intraday surge and the much larger rally in the Kosdaq — suggested that sentiment toward the market’s largest constituents remained cautious.

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Massive US coup for Evion Group

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Massive US coup for Evion Group

Evion Group’s aspirations to become a domestic supplier of fluorspar and graphite in the US have received another ideal boost.

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Globe Telecom, Inc. (GTMEY) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good morning, everyone, and welcome to the Second Quarter 2026 Analyst Briefing of Globe Telecom.

So we will begin with a video presentation of our performance and a few updates on the digital platform businesses, to be followed by the Q&A session.

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Unknown Executive

Welcome, everyone, and thank you for joining us for Globe’s Second Quarter 2026 Analyst Briefing.

To begin the presentation, we are pleased to report that notwithstanding external headwinds, Globe sustained its growth momentum and achieved a record-breaking quarter. Consolidated gross service revenues climbed to a new all-time high of PHP 85.4 billion for the first 6 months of 2026, growing by 6% year-on-year. Data-driven revenues accounted for 91% of consolidated service revenues, reinforcing Globe’s continued transformation toward a more diversified, higher-quality and sustainable revenue base. The robust first half results were further supported by Globe’s highest quarterly service revenues on record.

Consolidated GSR amounted to PHP 43.4 billion in the second quarter up 3% quarter-on-quarter and exceeding the previous record set during the seasonally strong fourth quarter of 2025. The quarter’s performance was driven by broad-based growth across Globe’s core connectivity businesses. Globe’s EBITDA reached PHP 44.9 billion in the first 6 months, increasing 6% year-on-year, while EBITDA margin remained resilient at 52.6%, well above the company’s full year guidance. Top line growth more than offset the increase in operating expenses and subsidy, generating operating leverage that enabled Globe to invest in its network and digital infrastructure.

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In the second quarter, EBITDA increased 2% from the previous quarter to

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Berenberg turns bullish on Shaftesbury Capital as West End outlook brightens

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Berenberg turns bullish on Shaftesbury Capital as West End outlook brightens

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Australian shares fall as Westpac leads banks into red

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Australian shares fall as Westpac leads banks into red

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PFC shares tumble 5% to 4-month low after weak Q1 earnings. Why Motilal Oswal still recommends Buy

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PFC shares tumble 5% to 4-month low after weak Q1 earnings. Why Motilal Oswal still recommends Buy
The shares of Power Finance Corporation (PFC) dropped more than 5% on Monday after the company reported a 2% year-on-year increase in consolidated net profit to Rs 7,012 crore for the first quarter of FY27, with Motilal Oswal Financial Services slashing earnings estimates.

PFC shares dropped to Rs 398 apiece on the NSE on Monday morning, the lowest level seen by the stock in more than four months. On Friday, the company reported a slight decline in revenue from operations to Rs 28,527 crore in Q1 FY27, from Rs 28,539 crore in the corresponding quarter of the previous financial year.

Along with the Q1 results, PFC announced an interim dividend of Rs 3.90 per share with a face value of Rs 10 each for the ongoing financial year 2027. The record date to determine the eligibility of shareholders set to receive the dividend has been fixed on August 27 (Thursday).

Also read |From Titan to Lupin, Motilal Oswal analysts rate buy, hold or skip on 11 stocks post Q1

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Motilal Oswal on PFC share price

Motilal Oswal Financial Services noted that the company’s standalone net profit grew nearly 5% YoY to Rs 4,750 crore, beating estimates. Net interest income (NII), however, declined 4%, missing expectations.


PFC indicated that the decline in lending yields during the quarter was in line with expectations, reflecting lower lending rates on both the existing and incremental loan portfolio amid the declining interest rate environment, Motilal noted. Going forward, the company will continue to calibrate its lending rates in line with market conditions while balancing growth and spreads, it added.
The domestic brokerage cut its FY27 and FY28 EPS estimates for PFC by 2% and 5%, respectively, primarily to reflect lower loan growth and margin contraction, partly offset by lower credit costs. It maintained its ‘Buy’ rating on PFC shares, but reduced its target price to Rs 500 per share. This implies upside potential of more than 19% from the stock’s previous closing price of Rs 420 per share on NSE.

PFC share price

PFC shares have fallen more than 5% in a week and nearly 2% in a month, but have overall gained nearly 10% in 2026 so far. This comes as the company heads for its mega merger with REC.

In the longer term, PFC shares have fallen 1.45% over one year, but delivered positive returns of 87% over three years and more than 288% over five years. The company currently has a market capitalisation of nearly Rs 1.32 lakh crore.

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Also read | SBI shares rise nearly 2% after Q1 beat. Here’s what Nomura, Morgan Stanley and other top brokerages expect next

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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At Close of Business Podcast August 10 2026

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At Close of Business Podcast August 10 2026

Yes. Corporate subscriptions are available for teams and organisations, with discounted rates as user numbers increase. Pricing starts from $1,625 + GST per user.
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Business News subscriptions are used by executives, investors, consultants and professionals who need to stay informed and make better decisions about the WA market. When you subscribe you’ll get

  • Unlimited access to WA’s most trusted business journalism
  • Data & Insights — detailed profiles of WA companies, people, projects and deals
  • MyBN — a personalised feed based on the companies, people and sectors you follow
  • Special publications and industry reports
  • Daily and weekly email newsletters

Data & Insights is a research tool built specifically for the WA market. It draws on more than 30 years of Business News reporting, updated regularly to reflect what’s happening now. Use it to:

  • Look up detailed profiles of WA companies, including financials, directors and ownership
  • Find decision-makers and track their career movements
  • Research live and completed projects across WA industries
  • Monitor deals, appointments and market activity
  • Access industry rankings and league tables

Data & Insights is updated daily by our dedicated research team, which uses the latest announcements, ASX filings and editorial coverage to keep our person, company, list and project records up to date.

Business News welcome all opportunities to make our dataset accurate, complete and current, so if you have an update request, please email the team at
general@businessnews.com.au, and we’d be happy to assist.

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MyBN
is part of every subscription. It’s your personalised view of Business News. You can follow the companies, people, sectors and projects that matter to you, and get a news feed and alerts tailored to your interests. You can save articles to read later and retain only what you need.

Only subscribers have full access to all content on the Business News website.

Advertisement

If staying informed about the WA economy is part of your job, and/or you’re looking for networking opportunities in WA, Business News is built for you.

Business News subscribers are:

  • Executives and directors tracking competitors, clients and market movements
  • Investors and advisers researching companies, deals and industry trends
  • Consultants and professionals staying across sectors relevant to their clients
  • Business owners looking for leads, context and market intelligence

Most Business News publications cover national or global markets. Business News is focused entirely on Western Australia, which means the journalism, the data and the intelligence are all built around WA companies, people and projects — not adapted from a national feed. Data & Insights, included with every subscription, combines more than 30 years of WA-specific editorial research with live business data. There’s no comparable product for the WA market.

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The Morning Digest Email provides a comprehensive wrap of the major headlines, relevant to WA business, and includes with a snapshot of the overnight news covering oil, gold and ASX-listed companies.

The Afternoon Wrap Email focuses on the news covered by our team of journalists during the course of the working day, including exclusive stories and analysis, all of which relates to WA business and the local economy.

The BN Weekender Email contains a wrap of the Business News from the week that was, highlighting the top stories in each area of WA business.
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Amazon: Stunning Earnings Reaffirm Thesis

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Amazon: I'm Buying The Free Cash Flow Collapse

Amazon: Stunning Earnings Reaffirm Thesis

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