Hong Kong-Headquartered Fintech Firm Reap Expands Global Operations via Stablecoin-Enabled Infrastructure

Founded in 2018 and originally incubated at Cyberport, Reap offers services such as corporate cards, expense management, multi-currency cross-border payments and stablecoin-enabled treasury workflows. It reported eight-fold processing growth in recent years and moved into profitability in 2025. Hong Kong was chosen as the global base because of its multi-currency liquidity, regulatory clarity around fiat-referenced stablecoins (FRS) and strong financial-technology infrastructure.

Hong Kong’s regulatory environment for stablecoins is a key enabler. The city’s Stablecoins Ordinance, enacted in August 2025 following passage of the bill earlier in the year, established a licensing regime for fiat-referenced stablecoins. Reap’s ambition to use stablecoins for real-world business payments and treasury management aligns with Hong Kong’s ambition to become a global fintech and digital-asset hub.

Reap’s strategy highlights the convergence of TradFi and crypto-rails: while stablecoins and tokenised funds often grab headlines, the real-world application in B2B payments, treasury workflows and global expansion may deliver the structural change. The company’s success will depend on scaling across jurisdictions, managing regulatory compliance across fiat-and-crypto hybrid systems, and proving revenue models remain resilient beyond early growth phases. Hong Kong’s base gives it credible infrastructure and regulatory clarity at a time when global fintech competition is intensifying.