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Delin Holdings: Establishing Virtual Asset OTC and Prime Brokerage Business, Planning to Complete License Upgrade by October

Summary: According to reports, Hong Kong-listed company Delin Holdings has announced a three-stage plan for digital financial development, including: the first stage of establishing licensed virtual asset over-the-counter (OTC) and prime brokerage business, planning to expand the coverage of Hong Kong Securities and Futures Commission licenses No. 1 (securities trading), No. 4 (providing advice on securities), ...

According to reports, Hong Kong-listed company Delin Holdings has announced a three-stage plan for digital financial development, including: the first stage of establishing licensed virtual asset over-the-counter (OTC) and prime brokerage business, planning to expand the coverage of Hong Kong Securities and Futures Commission licenses No. 1 (securities trading), No. 4 (providing advice on securities), and No. 9 (asset management) to the virtual asset category within the next 6 months, with expectations to complete regulatory approval processes by October; the second stage involves tokenizing real-world assets (RWA) and asset management platforms, and the third stage involves building a compliant cross-border digital asset fund ecosystem. (Hong Kong Economic Times)

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