MistTrack’s Practice and Results in HK Cyberport’s Blockchain & Digital Asset Pilot Subsidy Scheme
Recently, as multiple authoritative Hong Kong media outlets released reviews and summaries of the first-phase results of HK Cyberport’s Blockchain & Digital Asset Pilot Subsidy Scheme，the blockchain anti-money laundering (AML) tracking system MistTrack, independently developed by SlowMist, has also received further recognition for its practical achievements in the fields of digital asset security and compliance as one of the shortlisted projects.
MistTrack’s Application Progress and Phased Achievements
Launched in June this year, the Blockchain & Digital Asset Pilot Subsidy Scheme aims to support exemplary and high-impact blockchain and digital asset applications in testing and deployment within real-world environments. The scheme attracted strong interest, receiving over 200 applications, of which only nine projects were ultimately selected. The first phase involved assets totaling more than HKD 120 million.
Li Yizheng, Director of Blockchain and Digital Assets at Cyberport, noted that nearly half of the shortlisted pilot products have either successfully commercialized or are preparing for commercialization, demonstrating the scheme’s tangible effectiveness in driving innovation to market. Among them, SlowMist was explicitly recognized as a representative project and described as a “key tool for digital asset security and compliance.”
MistTrack has become an essential tool for a wide range of financial institutions, exchanges, Web3 projects, and compliance teams. With the support of the pilot subsidy scheme and collaboration with ecosystem partners such as HashKey, MistTrack has undergone systematic capability upgrades. New advanced features include risk report snapshots, intelligent fund tracing, and global analysis of specific tokens, enabling clear visualization of complex on-chain fund flows and significantly improving the efficiency of risk management and compliance audits for digital asset transactions.
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These enhancements have already delivered tangible results in real-world scenarios. In the second quarter of 2025 alone, MistTrack assisted in the successful freezing or recovery of approximately USD 11.95 million in digital assets across 11 theft-related cases. The associated investigation and analytical findings have also been adopted by multiple international organizations, including the United Nations Security Council, the U.S. Department of the Treasury, and the United Nations Office on Drugs and Crime (UNODC), providing technical support for global anti-money laundering and compliance collaboration.
Security Is the Core of Any Fund Transaction
Drawing on MistTrack’s real-world applications, Tony Tan, Head of the SlowMist Hong Kong Community, stated in an interview with Hong Kong China News Agency that source-of-funds investigations, AML risk assessments, and fund tracing analyses act as “escorts” for digital asset transactions, safeguarding their integrity. Among all considerations, “security” remains the most fundamental and critical element of any fund transaction.
Tony Tan emphasized that security should not be treated merely as a post-incident remedy, but rather embedded throughout the entire transaction lifecycle. “In security, slow means smooth, and smooth means fast,” he explained. Only when risks can be identified in advance and fund flows clearly reconstructed can digital asset transactions achieve a true balance between compliance and efficiency.
Conclusion
Previously, MistTrack received the HKICT Awards FinTech Gold Award for its innovative practices in regulatory technology, underscoring its core value in advancing security, compliance, and sustainable development within Hong Kong’s digital asset ecosystem.
This latest wave of coverage by authoritative media and official channels once again validates MistTrack’s practical value within the Cyberport pilot scheme and reflects Hong Kong’s firm commitment to building a secure, compliant, and sustainable digital asset ecosystem. Looking ahead, SlowMist will continue to deepen technological innovation and ecosystem collaboration, promoting the deployment of more intelligent and efficient anti-money laundering and risk-tracking capabilities in Hong Kong and globally, and providing robust support for the long-term, healthy development of the digital asset industry.
About SlowMist
SlowMist is a threat intelligence firm focused on blockchain security, established in January 2018. The firm was started by a team with over ten years of network security experience to become a global force. Our goal is to make the blockchain ecosystem as secure as possible for everyone. We are now a renowned international blockchain security firm that has worked on various well-known projects such as HashKey Exchange, OSL, MEEX, BGE, BTCBOX, Bitget, BHEX.SG, OKX, Binance, HTX, Amber Group, Crypto.com, etc.
SlowMist offers a variety of services that include but are not limited to security audits, threat information, defense deployment, security consultants, and other security-related services. We also offer AML (Anti-money laundering) software, MistEye (Security Monitoring), SlowMist Hacked (Crypto hack archives), FireWall.x (Smart contract firewall) and other SaaS products. We have partnerships with domestic and international firms such as Akamai, BitDefender, RC², TianJi Partners, IPIP, etc. Our extensive work in cryptocurrency crime investigations has been cited by international organizations and government bodies, including the United Nations Security Council and the United Nations Office on Drugs and Crime.
By delivering a comprehensive security solution customized to individual projects, we can identify risks and prevent them from occurring. Our team was able to find and publish several high-risk blockchain security flaws. By doing so, we could spread awareness and raise the security standards in the blockchain ecosystem.
