Greenland Financial Holdings to Apply for Virtual Asset Trading License in Hong Kong

Zach Anderson   May 17, 2023 23:36

Greenland Financial Holdings, a subsidiary of Greenland Group, is planning to apply for a virtual asset trading license in Hong Kong, according to Shanghai Securities News.

The company's move into the virtual asset space will further diversify its business portfolio and enhance its global influence, according to Jing Geng, Director and CEO of GreenLand Group and Chairman and President of GreenLand Financial Holdings.

Greenland Financial intends to establish a new company focusing on virtual asset trading, which will submit an application to the Securities and Futures Commission of Hong Kong (SFC). If approved, the company will aim to launch cryptocurrency trading, non-fungible tokens (NFTs), and carbon emission-related products. All plans are subject to the approval of the SFC.

Greenland Financial is committed to propelling the digital upgrade of multiple industries such as digital technology, finance, education, healthcare, and scientific innovation. Its goal is to build an international and diversified comprehensive industrial group that integrates data, technology, finance, and scenarios.

Inside sources from GreenLand Group indicate that based on the digital technology platform and financial holding platform established by GreenLand Digital Technology, a subsidiary of GreenLand Financial, the group has a wealth of offline assets and businesses that can expand into virtual asset operations. The group started planning for the virtual asset business as early as 2019.

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