Alessio Quaglini

The Hong Kong SAR Government has appointed Alessio Quaglini, co-founder and chief executive officer of  digital asset custodian Hex Trust, as a non-official member of its Task Force on Promoting Web3 Development for a two-year term from July 1.

Established in July 2023 and chaired by financial secretary Paul Chan, the task force brings together senior government officials, financial regulators, and 20 non-official members from across the digital asset, technology, legal, academic, and finance sectors. Its mandate is to provide strategic recommendations on the sustainable and responsible development of Web3, the third generation of internet technology, in Hong Kong.

In announcing the appointments, the government says the task force has played a valuable role in offering innovative and practical advice to guide Web3 policy. With the release of Policy Statement 2.0 on the development of digital assets in Hong Kong, the newly appointed members, all of whom are recognised leaders across the ecosystem, will contribute to shaping the city’s ambition to become a global hub for digital assets.

With over 15 years of experience across traditional finance, regulation, and digital assets, Quaglini has led Hex Trust to become a leading digital asset financial institution serving institutional clients globally. Under his leadership, the firm has secured licences in key financial hubs including Hong Kong, Singapore, Dubai, and Italy. He is also a co-founder of Clearpool and Synnax, and a regular contributor to policy and industry discussions on the convergence of traditional finance and Web3.

Other newly appointed members of the task force are: Cai Wensheng, founder and chairman of photo touch-up app Meitu; Kwock Yin-lun, CEO of insurtech firm OneDegree; Marco Lim Jun-kit, managing partner of crypto assets manager MaiCapital; and Henry Ma Chi-to,  a professor at the Hong Kong Polytechnic University, with strong background indigital entertainment and design education.