Hong Kong Recognizes Ethereum as Valid Net Asset Proof
On February 7, Hong Kong's Investment Promotion Department issued a net asset verification approval letter that made waves in financial circles. The unusual aspect? The applicant successfully used Ethereum (ETH) as proof of net worth—marking one of the first official recognitions of cryptocurrency assets for immigration purposes.
What Constitutes "Crypto Assets"?
- Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), etc.
- Stablecoins: Tether (USDT), USD Coin (USDC)
- Key characteristics: High security and pseudonymous transactions
👉 Discover how crypto investors leverage Hong Kong's financial infrastructure
Has Hong Kong Relaxed Its Net Asset Requirements?
Timeline Changes (2025 Update)
| Requirement Period | Minimum Asset Threshold | Effective Date |
|---|---|---|
| 2 years | HKD 30M sustained | 2024–2025 |
| 6 months | HKD 30M peak | Post-March 2025 |
The official definition remains unchanged:
"Net assets = Total assets minus any charges/lien/encumbrances."
Key Development:
Hong Kong authorities never explicitly banned crypto assets. Financial Technology Head Jason Leung confirmed:
"Cryptocurrencies can qualify if applicants provide persuasive documentation."
3 Major Challenges When Using Crypto for Immigration
Valuation Requirements
- Must be certified by:
✓ Licensed auditors
✓ Registered exchanges (HashKey/OSL)
- Must be certified by:
Storage Verification
Acceptable methods:
- Cold wallets (with address proofs)
- HK-licensed exchange accounts
- Non-HK exchanges require legal opinion letters
Source of Funds (SOF) Documentation
Required evidence:
- Initial acquisition method (bank transfer/OTC/mining)
- Exchange transaction history
- Blockchain explorer records (Etherscan/BTCExplorer)
- Mining equipment invoices (if applicable)
Success Case: February 2025 – An applicant used HashKey-verified ETH worth HKD 30M with complete transaction logs to pass审查.
Why Crypto Investors Should Act Now
Strategic Advantages
✅ Global Mobility: Hong Kong passports offer visa-free access to 170+ countries
✅ Tax Efficiency: 0% capital gains tax on crypto investments
✅ Web3 Hub: Access to virtual asset ETFs and regulated derivatives
Future Opportunities
- Digital HKD pilot programs
- Institutional-grade crypto custody solutions
- Family office structures for asset management
Frequently Asked Questions
Q1: Can memecoins like Dogecoin qualify?
A: Only assets with verifiable liquidity/valuation reports from licensed entities are accepted.
Q2: How are crypto assets taxed during the process?
A: Hong Kong doesn't tax long-term holdings, but trading profits may require professional tax planning.
Q3: What's the minimum holding period?
A: The 6-month requirement applies to any asset class—crypto needs to maintain equivalent value during this window.
Q4: Are NFT holdings eligible?
A: Currently no—the program only recognizes liquid financial assets.
Who Should Consider This Pathway?
✔ Crypto traders using HK-licensed exchanges
✔ High-net-worth individuals exploring virtual asset ETFs
✔ Web3 founders establishing family offices
👉 Start your Hong Kong investment migration journey today
2025 Insider Tip: With shortened eligibility periods and crypto-friendly policies, this year presents the optimal window for digital asset holders to secure Hong Kong residency while maintaining portfolio flexibility.