Fosun International has registered trademarks related to cryptocurrency and digital assets, reflecting a strong expansion plan in this field in Hong Kong.
Registering trademarks such as 'Fosun International Crypto' and 'Fosun Coin' along with holding a license to provide digital asset trading services shows Fosun's intention to enhance investment in the cryptocurrency and digital asset industry.
MAIN CONTENT
Fosun International registers cryptocurrency-related trademarks in Hong Kong.
The CSRC has granted upgrade license number 1 allowing the provision of digital asset trading services.
Preparing to implement multiple projects for the tokenization of real assets (RWA) for existing clients.
What cryptocurrency brands has Fosun International registered in Hong Kong?
Fosun International has registered several new trademarks including 'Fosun International Crypto', 'Fosun Wealth RWA' and 'Fosun Coin' to strengthen its position in the cryptocurrency market. This has been confirmed by Wenhui.com and reflects the group's long-term vision in the fintech sector.
Registering this trademark not only helps protect copyrights but also creates a foundation for developing new products and services focused on cryptocurrency and digital assets, contributing to enhancing reputation in the international market.
What licenses has Fosun International obtained to operate in the cryptocurrency sector?
According to reports, Fosun International has received upgrade license number 1 from the China Securities Regulatory Commission (CSRC), allowing the provision of digital asset trading services through the VATP platform. This license demonstrates Fosun's capabilities and reputation in complying with legal regulations regarding cryptocurrency.
Fosun International considers obtaining the CSRC license an important step in providing safe and transparent digital asset trading services to clients.
Mr. Cai Hua, CEO of Star Road Technology, May 2024
This license enables Fosun to expand services, reach more clients, and develop new financial products based on Blockchain technology and tokenization.
What projects does Fosun International plan to develop related to the tokenization of assets?
Fosun is implementing multiple projects for the tokenization of real assets (RWA) to enhance the ability to combine traditional assets with cryptocurrency. According to CEO Cai Hua, the group is actively connecting existing clients with the trading system for tokenized products.
"We are committed to expanding our digital asset portfolio, helping clients access a wider range of assets and leverage blockchain technology in asset management."
Mr. Cai Hua, CEO of Star Road Technology, May 2024
Tokenization of real assets will help improve liquidity, transparency, and reduce transaction costs, while expanding investment opportunities in the DeFi sector.
What are the opportunities and challenges as Fosun delves deeper into the cryptocurrency industry?
Expanding into the cryptocurrency sector brings Fosun many opportunities to innovate new financial products, while enhancing corporate value and attracting young, tech-savvy target customers.
However, the cryptocurrency market is also highly volatile and subject to strict regulation, requiring Fosun to comply with regulations and develop effective security technology and risk management to maintain customer trust.
Comparing the cryptocurrency development capabilities between Fosun International and some international financial groups
Fosun International International Financial Group Cryptocurrency service provision license CSRC number 1 (China) Mostly has regional and international licenses Operating scope Hong Kong, mainland China Global with diverse markets RWA Tokenization project Tokenization of real assets Many diverse projects from NFT to DeFi Technology contribution Integrating Blockchain and VATP solutions Diverse advanced technologies, collaborating with major partners
Frequently asked questions about Fosun International and cryptocurrency
Where does Fosun International have a legal cryptocurrency operating license?
Fosun has been granted license number 1 by the CSRC, allowing the provision of digital asset trading services in Hong Kong and mainland China.
What are Fosun's cryptocurrency brands?
Fosun registers brands such as 'Fosun International Crypto', 'Fosun Wealth RWA' and 'Fosun Coin'.
What notable cryptocurrency projects does Fosun have?
The group focuses on developing the project for tokenization of real assets (RWA), helping to create liquidity for traditional assets.
What benefits does tokenizing real assets bring to clients?
Tokenization helps enhance liquidity, transparency, and reduce transaction costs in asset management.
Can Fosun expand its cryptocurrency activities internationally?
With the CSRC license and a commitment to technology development, Fosun has the potential to expand services into international markets in the future.
Source: https://tintucbitcoin.com/star-coin-va-fosun-dang-ky-tien-dien-tu/
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