Delin Holdings Makes Strategic Investment in Fulong Advisors to Advance Stablecoin Applications and Business Collaboration
On July 21, according to Securities Times, Delin Holdings has signed a non-legally binding term sheet with Hong Kong technology company Fulong Consulting Limited, planning to engage in strategic cooperation and a share swap. Delin Holdings will invest HKD 60 million in Fulong, aiming to enter the high-growth stablecoin market. Fulong will apply for a Hong Kong stablecoin license and, upon approval, will work with Delin Holdings to jointly promote the application and business cooperation of stablecoins. The two parties will collaborate to develop business opportunities, with Fulong leveraging its merchant and user network to support Delin Holdings and its affiliated platforms (such as Delin Securities and Synapse Technology) in product support and investor relations promotion.
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