Investment educator JF SmartInvest Holdings Ltd. (9636.HK) announced on Tuesday that its wholly owned subsidiary, JF SmartTrade, has agreed to take a stake in virtual asset trading platform EX.IO through a share subscription agreement. No terms were given for the investment.
JF SmartTrade said the investment will leverage EX.IO’s exchange resources and Web3 technologies to accelerate its overseas digital asset business expansion, strengthen on-chain financial service capabilities and support business diversification.
EX.IO’s subsidiary, EXIO Ltd., primarily engages in virtual asset trading and custody, and obtained a license to operate a virtual asset trading platform in Hong Kong last December. JF SmartInvest noted that the investment will enhance its compliance infrastructure and service capabilities in digital asset trading, asset management and custody.
The two sides also plan to deepen the application of an “AI + Research” strategy in digital asset scenarios, developing intelligent advisory systems and algorithms to reinforce competitiveness in digital finance.
JF SmartInvest’s stock opened higher on Wednesday and closed at HK$64.45 by the midday break, down 1.07%.
By Lee Shih Ta
To subscribe to Bamboo Works weekly free newsletter, click here
Related Articles
