Hong Kong will be global hub for company to champion stablecoin innovation and adoption and power the convergence of Web3 and traditional finance
Hong Kong, 5 November 2025 — Reap, a global fintech that enables financial connectivity and access for businesses through stablecoin-enabled infrastructure, today announced the expansion of its global headquarters and new office opening in Hong Kong. The new headquarters in Hong Kong is housed in a state-of-the-art, brand new 10,014 sq ft office at 1063 King’s Road, Quarry Bay.
With recent regulatory developments and rising market confidence in the adoption of stablecoins, Reap has plans to drive global expansion and new offerings from its Hong Kong headquarters. Since building a full platform offering in 2021, tying in cards and payments with treasury and expense management, Reap grew processing volumes by 8X in 2 years (to end of 2023). In 2025, Reap achieved profitability and is on track to grow another 6X in volumes from 2024. Reap’s clients include Animoca Brands, Trust Wallet, Coinmarketcap, Amber Group.
Hong Kong was chosen as the base of Reap’s global expansion, with few cities in the world offering this combination of deep multicurrency liquidity, regulatory clarity, and global market connectivity. In contrast to other financial centres structured around a single dominant currency, Hong Kong is one of the few financial centres globally where multiple major currencies settle natively and at scale. It also ranks as the fourth largest foreign exchange hub worldwide, with over US $660 billion in average daily turnover (October 2024, TMA Semi-Annual Treasury Markets Survey 2024), and is home to more than 70 of the world’s 100 largest banks (Hong Kong Monetary Authority 2025). This presents strong multicurrency liquidity advantages over other markets, where Hong Kong is uniquely positioned for fiat, licensed stablecoins, and tokenised assets to operate side by side, reinforcing its status as a global financial hub and establishing the city as a leading infrastructure node for the next wave of global money movement
“Hong Kong remains core to our global operations and long-term strategy,” said Daren Guo, Co-Founder of Reap. “The city’s financial infrastructure is uniquely built for interoperability between traditional and digital asset ecosystems, providing a strong foundation for real world innovation. Together with the recent advancements in Hong Kong’s stablecoin and digital assets regulatory frameworks, this has unlocked tremendous potential for us to deliver practical use cases in business payments, cross-border settlements, and treasury optimisation. As stablecoins become embedded in mainstream financial operations, locating our headquarters in Hong Kong offers us both the clarity and connectivity to accelerate our global expansion, and build and scale the next generation of stablecoin-enabled payment solutions.”
Building on greater regulatory clarity to enhance real world use cases for stablecoins in financial operations
In recent months, the city has become one of the first jurisdictions globally to provide clear regulatory oversight for fiat-referenced stablecoins. Reap has developed several products and solutions which demonstrate real world utility.
Firstly, Reap Direct is a platform that seamlessly operates across both fiat and stablecoin infrastructure. It integrates stablecoin-enabled corporate cards, cross-border payments, and expense management with built-in expense controls like multi-user permissions, approval flows, and advanced reporting. With this solution, businesses are able to have a more efficient and transparent solution to manage their fiat and stablecoin treasuries.
In 2026, Reap is working to expand the treasury management capabilities of its Reap Direct solution, exploring ways to help businesses manage and optimize financial operations across multiple entities at scale, including potential opportunities to further improve capital efficiency.
Reap’s Card Issuance platform also enables businesses to launch white-labeled credit cards through an API-first system. Complementing this, Reap’s Payment API empowers companies to access global payment networks through a unified API. It delivers plug-and-play infrastructure for automating cross-border payouts at scale. This solution streamlines currency conversion and accelerates money movement, saving time and enhancing efficiency worldwide.
Internally, Reap operates with AI at its core. Teams use it to turn client needs into near-production solutions in hours, ship mock-ups with rapid feedback, compress build cycles from weeks to just one afternoon and optimize operations, all while hiring aggressively to deepen this capability.
Reap is also leaning heavily into AI-powered expense management across its platforms and agentic flows through Model Context Protocol (MCP). The system will automate scaled card issuance, match receipts to transactions in real time, flag anomalies with timely alerts, and streamline bookkeeping (categorization, invoice processing, accounting sync, approvals), supported by human oversight.
Reap is also building intelligence that reveals spend patterns, recommends savings, keeps records audit-ready, and connects to autonomous payment rails for end-to-end transactions, FX, compliance, and regulatory reporting.
Leveraging Hong Kong as a springboard to accelerate global footprint expansion
Reap is committed to leveraging its Hong Kong office as a strategic hub for pursuing international expansion in Asia, Africa and Latin America, where demand for cross-border financial infrastructure continues to accelerate. Demonstrating its confidence in Hong Kong’s thriving fintech, web2, and blockchain ecosystem, Reap has grown its local Hong Kong team headcount by 58 per cent from the start of 2025 (as of September 2025), underscoring its investment in local talent.
Reap’s expansion has been supported by Invest Hong Kong (InvestHK) and Cyberport as part of their efforts to foster the city’s fintech and Web3 ecosystem.
“Reap’s decision to locate its global headquarters in Hong Kong underlines the city’s value as a gateway to the Asia-Pacific region as well as its leading position in global fintech offering,” said Arnold Lau, Associate Director-General of Investment Promotion, Invest Hong Kong. “With a skilled workforce, robust financial infrastructure and seamless access to regional markets, Hong Kong offers the clarity and connectivity that fast-growing fintech firms need. We welcome Reap’s deeper commitment as part of their expansion, which also echoes the government’s focus on nurturing strategic, technology-driven enterprises.”
About Reap
Reap is a global financial technology company that enables financial connectivity and access for businesses worldwide through stablecoin-enabled infrastructure. We transform the financial landscape through more efficient money movement by merging traditional finance with digital assets, bridging disparate economies and connecting key financial markets.
Reap was an early leader in Asia to incorporate stablecoins into our solutions. In 2024, Reap processed billions in stablecoin-funded transaction flows. From stablecoin-enabled corporate cards to cross-border payments, we streamline financial operations and empower companies to scale with our integrated business accounts and embedded finance solutions.
Founded and headquartered in Hong Kong, Reap employs over 200 people worldwide.
More information about Reap can be found at reap.global.
