Huaxing Capital Holdings (01911.HK) has formally announced its strategic entry into the Web3.0 and cryptocurrency asset sector, allocating a substantial budget of $100 million over the next two years. This move underscores the company’s commitment to expanding its footprint in the evolving digital asset landscape while reinforcing its existing business operations. The initiative, dubbed the Cryptocurrency Asset Investment Plan, aligns with recent supportive policies introduced by the Hong Kong government aimed at fostering innovation within the Web3.0 ecosystem.
Leveraging its prior successful investments, including stakes in Circle Internet Group and facilitating multi-round financing for prominent crypto enterprises, Huaxing plans to intensify focus on stablecoins, Real-World Assets (RWAs), and the broader cryptocurrency infrastructure. The group intends to enhance its business licenses and serve as a pivotal link bridging traditional Web2 finance with emerging Web3 technologies, positioning itself as a key player in global digital asset investment.
Funded through internal resources and cash reserves, the plan will be executed with prudence, taking into account market conditions, business growth, and liquidity management. Huaxing’s proactive approach aims to capitalize on the favorable regulatory environment, drive sustainable shareholder value, and unlock new opportunities within the rapidly expanding crypto market.