The Hong Kong Association of Banks wrote an article in the Hong Kong media Ta Kung Pao, "Digital Banks Join the Web 3.0 Wave", revealing that Hong Kong digital banks have completed more than 100 "fintech regulatory sandbox" tests through the HKMA in the past four years, accounting for more than 40% of the total sandbox test cases. In addition, individual Hong Kong digital banks have begun to provide reserve banking services for stablecoin issuers, and some digital banks have the ability to act as clearing banks for licensed virtual asset trading platforms, providing services such as timely processing and settlement of transactions.