Oryon
Portfolio indexActive · Growth · 2022
ActiveInstitutional & policy

ZA Bank

CategoryDigital Bank · Institutional
HeadquartersHong Kong
FoundersRockson Hsu
— Overview

ZA Bank is Hong Kong's largest virtual bank by asset size and the first Asian bank to offer regulated crypto conversion services to retail customers. The platform bridges traditional banking with digital asset flows under a full HKMA banking licence.

The 2024 launch of the crypto conversion product made ZA Bank the go-to fiat on/off-ramp for licensed crypto exchanges operating in Hong Kong's new regulatory regime — a category the SFC has been actively building since 2023.

ZA Bank now serves 800K+ retail customers and a growing institutional base that treats it as the compliant fiat rail for regulated crypto activity in Asia.

— By the numbers
800K+
Customers
$18B
Deposits
2020
Licenced
2019
Founded
— Investment
Round
Growth 2022
Our role
Participant
Co-investors
ZhongAn Online · Fosun
— Our thesis

The regulated fiat bridge for licensed crypto activity in Asia. We supported the growth round following the crypto conversion product launch.

— Team
RH

Rockson Hsu

CEO
DS

Devon Sin

Alternate CEO
RI

Ronald Iu

COO
AW

Aaron Wong

Head of Crypto Services
— Timeline
  1. 2019Founded under HKMA virtual bank licence
  2. 2020Retail banking launch
  3. Q2 2022Oryon growth investment
  4. Q3 2024Crypto conversion product launch
— Latest update

800K+ retail customers, crypto conversion product now serves institutional clients across the region.

— In the press

ZA Bank is the model for how a licensed bank operates a crypto product without regulatory drift.

SCMP, 2024