NEW YORK, March 18, 2022
/PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT)
("hereinafter referred to as "Future FinTech", "FTFT" or "the
Company"), a leading blockchain-based e-commerce business and a
fintech service provider, announced today that its subsidiary,
Future Fintech Digital Capital Management LLC, an investment management company incorporated in
the State of Connecticut, has
officially launched its first cryptocurrency hedge fund, FTFT
Digital Number One US, LP.
The management team of Future Fintech
Digital Capital Management LLC possesses aggregately over 25 years
of investment management and trading experience, with roots in
commodities trading from top-tier investment banks like J.P. Morgan
and Goldman Sachs. The fund manager, Dr. Mark Dai, has over 15 years of experience as a
Portfolio Manager specializing in energy futures and options and
was previously a Senior Commodities Trader at J.P.
Morgan.
Mr. Sean Liu, Chief Operating
Officer of Future FinTech Group, said, "The launch of FTFT Digital
Number One US, LP is our first step
in expanding our business into the cryptocurrency asset management
sector. We believe that
cryptocurrency assets will play an increasingly important
role in the global economy in the future
and become an indispensable component in asset allocation.
We have seen growing demand for cryptocurrency hedge funds as it
offers investors diversification and potentially solid investment
returns. FTFT Digital Number One US, LP has been formed under all
regulatory requirements and high operational standards, and we look
forward to the results of its investment
strategy."
About Future FinTech Group Inc.
Future FinTech Group Inc. is a leading blockchain e-commerce
company and a service provider for financial technology
incorporated in Florida. The
Company's operations include a blockchain-based online shopping
mall platform, Chain Cloud Mall ("CCM"), supply chain financing services and cryptocurrency market
data services. The Company is also engaged in the development of
blockchain based e-Commerce technology,
financial services technology and cryptocurrency investment
management. For more information, please visit
http://www.ftft.com/.
Safe Harbor Statement
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"forward-looking statements" within the meaning and protections of
Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended, or the
Exchange Act. Forward-looking statements include statements with
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anticipations, assumptions, estimates, intentions, and future
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other factors, which may be beyond our control, and which may cause
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notice, including, without limitation, those risks and
uncertainties described in our annual report on Form 10-K for the
year ended December 31, 2020 and our
other reports and filings with SEC. Such reports are available upon
request from the Company, or from the Securities and Exchange
Commission, including through the SEC's Internet website at
http://www.sec.gov. We have no obligation and do not undertake to
update, revise or correct any of the forward-looking statements
after the date hereof, or after the respective dates on which any
such statements otherwise are made.
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SOURCE Future FinTech Group Inc.