Delin Holdings: Establishing virtual asset OTC and prime brokerage business, intends to complete relevant license upgrades before October

Odaily News Hong Kong-listed company Delin Holdings has released a three-phase plan for its digital financial development strategy, including: the first phase is to establish licensed virtual asset over-the-counter (OTC) and prime brokerage businesses, plans to expand the business coverage of Hong Kong Securities and Futures Commission No. 1 (Securities Trading), No. 4 (Providing Opinions on Securities) and No. 9 (Asset Management) licenses in the virtual asset field within the next 6 months, and is expected to complete the regulatory approval process by October; the second phase is the tokenization of real-world assets (RWA) and asset management platform, and the third phase is to build a compliant cross-border digital asset fund ecosystem. (Hong Kong Economic Times)