Privasea AI partners with telecom giant to power stablecoin adoption and Web3 growth in Hong Kong
Privasea AI partners with telecom giant to accelerate stablecoin use cases in Hong Kong - building a secure foundation to lead Hong Kong’s Web3 future
Privasea AI partners with telecom giant to accelerate stablecoin use cases in Hong Kong - building a secure foundation to lead Hong Kong’s Web3 future
As the Web3 era surges across the globe, Hong Kong, an international hub of finance and technology, is actively laying the groundwork to establish itself as a key player in the emerging digital economy. Privasea AI, a leader in the field of Fully Homomorphic Encryption (FHE) confidential computing, is dedicated to building an unbreakable security infrastructure for the digital world. In collaboration with Hong Kong Telecom (HKT), Privasea AI is developing the first-ever Web3-native eSIM card.
At the core of the Web3-native SIM card lies Privasea’s cutting-edge Fully Homomorphic Encryption (FHE) technology. FHE allows computation to be performed directly on encrypted data without decryption, ensuring that sensitive operations remain private and secure throughout the process. For Web3 users, this means that critical data such as digital asset information and transaction records can remain protected even in complex network environments, shielding them from data breaches and cyber attacks.
The card will be available in both physical and eSIM formats, and the Web3-native SIM card offers maximum flexibility. With eSIM technology, users will be able to connect their devices without needing a physical SIM card, enabling instant access to the Web3 ecosystem. When combined with FHE encryption, the eSIM provides dual-layer protection for user identity and transaction processes, ensuring users enjoy both convenience and top-tier security for their digital identity and assets.
The development of the Web3-native SIM card sets a new benchmark for security standards in Hong Kong’s Web3 landscape. Its robust encryption and privacy features will address common pain points such as data leaks and identity theft, enhancing user trust in Web3 platforms. This is expected to attract more Web3 enterprises and innovation projects to Hong Kong, further energizing the city’s digital ecosystem.
This partnership marks not just a technical advancement, but also a milestone in Hong Kong’s Web3 innovation journey. With the strong backing of HKT, Privasea’s initiative offers a model for global Web3 development, drawing more tech companies and talent to Hong Kong. As Hong Kong explores the issuance of offshore stablecoins, the real-world application scenarios enabled by Privasea AI SIM cardm such as stablecoin top-ups and daily paymentsm will play a foundational role. The Web3-native SIM card can become a key driver in advancing Hong Kong’s position in the global digital economy, helping the city shine as a beacon of Web3 innovation.