Hong Kong possesses unique competitive advantages to develop decentralised finance (DeFi) and the metaverse as these blockchain technologies continue to evolve, according to two surveys by a government-backed body. The city's advantages, based on surveys on DeFi and the metaverse with financial institutions, include a well-defined legal and regulatory framework, business-friendly environment, robust financial infrastructure and network, and highly skilled talent. The emerging DeFi and metaverse