Delin Holdings: Establishing Virtual Asset OTC and Prime Brokerage Business, Plans to Complete Relevant License Upgrades by October
Odaily Planet Daily reports that Hong Kong-listed company Deyin Holdings has released a three-phase digital finance development strategy. The first phase involves establishing a licensed virtual asset over-the-counter (OTC) and prime brokerage business, with plans to expand the scope of Hong Kong SFC Type 1 (securities trading), Type 4 (advising on securities), and Type 9 (asset management) licenses to cover virtual asset-related businesses within the next six months, aiming to complete regulatory approval by October. The second phase focuses on the tokenization of real-world assets (RWA) and the development of an asset management platform. The third phase aims to build a compliant cross-border digital asset fund ecosystem. (Hong Kong Economic Times)
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