Reap, a Hong Kong-based fintech company that provides services through stablecoin-enabled infrastructure, has opened its 10,000 sq ft headquarters in Quarry Bay as part of its global expansion strategy.
Founded in 2018 as part of Cyberport’s incubation programme, Reap chose Hong Kong as the base for its global expansion to capitalise on cross-border payment opportunities. “Few cities in the world offer this combination of deep multi-currency liquidity, regulatory clarity and global market connectivity,” the company said on Wednesday.
It will maintain twin bases – Hong Kong as global hub and Singapore as Southeast Asia hub. “Hong Kong remains core to our global operations and long-term strategy,” said Kevin Kang, co-founder of Reap.
The company said Hong Kong was one of the few financial centres globally where multiple major currencies were traded at scale.
“This presents strong multi-currency liquidity advantages over other markets, where Hong Kong is uniquely positioned for fiat, licensed stablecoins, and tokenised assets to operate side by side,” Reap said. “This reinforces the city’s status as a global financial hub and establishes it as a leading infrastructure node for the next wave of global money movement.”
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