Mercurity Fintech Holding's Subsidiary, Ucon Capital Hong Kong, Earns Distinguished Approval to enter “Cyberport” Community
August 15 2023 - 8:46AM
Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our
company,” or “MFH”) (Nasdaq: MFH), a leading digital fintech group
empowered by blockchain technology, today announced that its
wholly-owned subsidiary, Ucon Capital (“Ucon”), has been honored
with the approval to join the esteemed “Cyberport”, an
innovative digital community managed by Hong Kong Cyberport
Management Company Limited. This approval is a significant
acknowledgment of MFH and Ucon's capabilities and expertise,
marking a critical milestone in the Company's strategic vision.
Ucon, as part of the MFH group, aims to offer
comprehensive digital asset management services to clients across
Asian markets, highlighting the synergies between MFH and Ucon,
which will be further strengthened and leveraged to support the
long-term growth of the enterprise.
The Cyberport community is a collaborative
initiative supporting over 1,900 technology companies and startups.
It forms an integral part of Hong Kong's strategy to establish
itself as a global hub for Fintech, Web3, blockchain, and digital
finance, boasting prominent members such as licensed cryptocurrency
exchange, Hashkey Group, Web3 venture capital and game developer,
Animoca Brands, and the Ethereum software firm behind the crypto
wallet ‘MetaMask’, Consensys.
Ucon's acceptance into the Cyberport community
will provide MFH with rich resources to fuel its future
development. By utilizing the collaborative platform offered by
Cyberport, MFH plans to establish its Asian headquarters in Hong
Kong, complementing its North American headquarters in New York.
This expansion will further the Company's global presence and
reinforce its positioning as a global leader in the fintech
space.
Furthermore, MFH intends to apply for the Trust
and Company Service Provider License (TCSPL), or “trust license,”
with the Hong Kong Monetary Authority (HKMA) to operate as a
registered trustee and licensed custodian of client's assets.
Mercurity Fintech Holding, Inc. CEO Shi Qiu
expressed, “We are honored to join this group of influential and
carefully selected companies in the Hong Kong Cyberport initiative.
In Hong Kong, cryptocurrencies such as Bitcoin, Ethereum, and USDC
coins will be considered assets by regulators. This paves the way
for our Company to use our subsidiary, Ucon Capital, and the Asian
headquarters at Cyberport as a base to apply for compliance
licenses and achieve our long-term goals of launching a
comprehensive digital asset management platform for Asian market.
Our acceptance into this unique, government-sponsored community of
enterprising and entrepreneurial leaders in the digital space
signifies a great admittance of MFH and Ucon's capability. It will
also open many doors for enhanced innovation through collaboration,
leveraging the synergies between MFH and Ucon for sustained growth,
and demonstrating our commitment to providing a comprehensive suite
of asset management services to our clients throughout Asia."
About Mercurity Fintech Holding
Inc.Founded in 2011 and headquartered in New York,
Mercurity Fintech Holding Inc. (NASDAQ: MFH) is a fintech firm
powered by blockchain. The company’s origins were as the developer
of the first online collective marketplace platform in China,
dubbed the “Chinese Groupon.” In 2015, MFH was successfully listed
on Nasdaq and the Company’s current business evolution includes
distributed computing and storage, digital payment solutions, and a
planned entry into online and traditional brokerage services and
asset management.
Forward-Looking StatementsThis
announcement contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical fact in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations and projections about future events and financial
trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
For more information, please
contact:International Elite Capital Inc. Vicky
Chueng Tel: +1(646) 866-7989 Email:
mfhfintech@iecapitalusa.com
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