Eddid Financial upgrades its Type 9 license to expand digital asset management, plans to launch a 100% cryptocurrency fund and support stablecoin subscriptions and redemptions
Jinse Finance reported that Eddid Financial's subsidiary, Eddid Securities and Futures, has received approval from the Hong Kong Securities and Futures Commission to officially upgrade its Type 9 regulated activity (asset management) license. The company revealed that it is planning to launch a 100% digital asset fund, which will focus on investing in a basket of cryptocurrencies and related products, while also providing stablecoin subscription and redemption fund services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale sold 100 WBTC, with a total unrealized loss of $30.91 million.
Yunfeng Financial donates HK$10 million to support Hong Kong fire rescue efforts
