This is actually a big deal — even if the market shrugs it off in the short term.
Hong Kong’s Insurance Authority allowing insurers to invest in crypto isn’t about retail FOMO or meme coins. It’s conservative, long-term capital getting a green light. Insurers don’t chase pumps. They move slow, deliberate, regulated money.
Yes, the 100% risk weight on crypto assets feels heavy. That’s the price of being an early regulated entrant. But the key point is: permission has been granted. Once an asset class is legally allowed, the framework almost always evolves over time.
Stablecoins receiving fiat-like treatment is another quiet but significant win.
This is one more clear signal: crypto is being absorbed into the traditional financial system — not excluded from it.
These developments rarely spike charts overnight.
But they quietly raise the floor.
