Hong Kong, 23 May 2026 - AIFT Group Co-founder and CEO Alvin Kwock, Group Managing Director Michelle Ip (Ip Pui-yin), and OneInfinity General Manager Rex Zhang have been awarded the 4th BOCHK Science and Technology Innovation Prize in the FinTech category, in recognition of their pioneering work in digital asset insurance and generative AI security. The prize, organised by the Hong Kong Alliance of Technology and Innovation (HKATI) and sponsored by Bank of China (Hong Kong), carries a HK$2 million cash award and is one of Hong Kong's most prestigious innovation honours.
About the Prize
The BOCHK Science and Technology Innovation Prize was established in 2022 to reward scientists and research teams whose work addresses national strategic needs while demonstrating strong commercial application. Laureates are selected across five fields (Artificial Intelligence and Robotics, Life and Health, Advanced Manufacturing, FinTech, and New Materials and New Energy), with one winning individual or team per field, each receiving a HK$2 million award from a total HK$10 million prize pool funded by BOCHK. This year's edition saw nominations increase by more than 73 percent over the previous round.
What the Prize Recognises
The FinTech recognition reflects the team's early work developing risk-classification frameworks that made blockchain and AI-related exposures insurable for the first time, and their more recent focus on safety and risk-management technology for generative AI systems, helping enterprises strengthen the resilience and trustworthiness of the AI they deploy.
Through OneInfinity, the team built the first dedicated digital asset insurance offering in Asia and the Middle East, and the second globally, with coverage spanning wallet insurance, corporate liability, and cyber products. Through Vulcan, AIFT's cybersecurity platform, the team developed AI security and large language model verification capabilities that directly underpin OneInfinity's technology-driven underwriting.
"After years of hard work, we've successfully opened up access to the international insurance and reinsurance markets, giving Hong Kong's fintech companies more comprehensive protection and support - including helping arrange one of the world's largest virtual asset insurance programmes, as well as providing risk assessment, penetration testing, and security compliance services to numerous Hong Kong fintech firms.
We have always believed that Hong Kong has what it takes to become a safe, robust, and internationally influential fintech hub, and to continue responsibly leading global financial innovation.
Going forward, we will keep working hard and do our part to help realise this shared vision."
- Rex Zhang, General Manager, OneInfinity by OneDegree
Recent Momentum
The prize follows a period of significant growth for OneInfinity, including a custody insurance programme with HashKey Exchange covering at least 50 percent of custodied assets, a strategic partnership with SlowMist for blockchain security, and expansion into Saudi Arabia through a partnership with Walaa Insurance.
Read the official ceremony announcement from HKATI: 4th BOCHK Science and Technology Innovation Prize Award Ceremony
About OneInfinity
OneInfinity, part of the AIFT Group, is a regulated insurance and risk solution provider headquartered in Hong Kong and Dubai with a growing presence across APAC and the Middle East. OneInfinity delivers tailored insurance and risk management solutions covering emerging risks in AI, blockchain, cyber, and digital assets (including cyber, wallet, and corporate liability coverages). Its deep technical underwriting is powered by advanced cybersecurity capabilities from Vulcan, and a growing consulting practice supports clients on licensing, compliance, and custodial security infrastructure.
