Mars Finance reports that Derlin Holdings (01709.HK) announced it has signed a placement and subscription agreement with DA Wolf and other parties, and has entered into a special authorization subscription agreement with DA Wolf Investment I Limited, with a total expected financing amount of approximately HKD 653.3 million. The funds will primarily be used to expand blockchain and virtual asset businesses, including: about 30% for strategic acquisitions and investments to expand the RWA tokenization program; 15% for developing Bitcoin mining and establishing Bitcoin reserves; 7% for building a licensed virtual asset over-the-counter trading and retail network in Hong Kong; 8% for developing digital assets, cryptocurrencies, and stablecoin businesses; 10% invested in the U.S. ONE Carmel high-end residential project; and an additional 10% allocated for IT facility upgrades, ETF creation and quantitative investments, and group working capital replenishment.

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