Delin Holdings plans to invest HK$60 million in Hong Kong technology company Fulong to explore the stablecoin market

Odaily News Delin Holdings announced that it has signed a non-legally binding term sheet with Hong Kong technology company Fulong Consulting Co., Ltd., which will carry out strategic cooperation and share swaps between the Group and Fulong. As part of this strategic move, the company will invest in Fulong through a share swap at a cost of HK$60 million to explore the stablecoin market. Fulong will apply for a Hong Kong stablecoin license and, after obtaining the license, jointly promote stablecoin applications and business cooperation with Delin Holdings.