According to Odaily, Ruihe Digital Technology Holdings Limited (03680.HK) has announced that its board has approved a budget of HKD 80 million for the development of Web3.0 business and investment in cryptocurrency assets over the next two years. The company aims to align with the Hong Kong government's policies supporting the growth of the Web3.0 and cryptocurrency industries.
Ruihe Digital plans to focus on digital asset services in the Greater China region and intends to fund these initiatives through internal resources or fundraising activities. The company believes that investing in cryptocurrency assets aligns with the global trend towards institutionalization of digital assets and will enhance its overall competitiveness.