Summary: New Fire Technology's new strategic development plan is unveiled, committed to building Asia's largest private banking-level digital asset manager and becoming the 'Goldman Sachs' of the cryptocurrency industry, a flagship cryptocurrency concept stock on the Hong Kong stock market.
The Hong Kong-listed company New Fire Technology (1611.HK) successfully held the 'Hong Kong Blockchain Summit Forum - New Fire Technology Strategic Release Conference' at the Grand Hyatt Hotel in Hong Kong. This forum was co-hosted by New Fire Technology in collaboration with Avenir Group, the Greater Bay Area Financier Association, Alibaba Cloud, and StoneLink, with strategic support from AWS, OSL, and BoYa Interactive. The forum gathered representatives from government, academia, and industry to focus on discussing the future development trends of Web 3 technology and the digital economy, revealing cutting-edge technological development trends and industry insights.
The lineup of guests at this forum includes regulatory representatives, academic experts, and industry leaders. In the opening speech, Professor Lin Chen, Vice President of the University of Hong Kong (Business Strategy), Director of the Research Center for Financial Innovation and Development, first analyzed the logic of digital financial innovation from an academic perspective. Following that, Sir, Deputy Secretary for Financial Services and the Treasury of the Government of the Hong Kong Special Administrative Region, Chan Ho Lam, member of the National Committee of the Chinese People's Political Consultative Conference, Chairman of the Legislative Council of Hong Kong's Web 3 and Virtual Assets Development Committee, Wu Jizhuang, founder of Nano Labs, and Director of Hong Kong Cyberport, Kong Jianping, respectively delivered opening remarks, interpreting Hong Kong's digital financial policy orientation and development planning.
As the most anticipated highlight of this forum, the 'New Fire Technology Strategic Release Session' attracted the focus and attention of the entire audience. The newly appointed Executive Director and CEO of New Fire Technology, Weng Xiaoqi, made his official appearance and delivered a keynote speech themed 'Strategic Release of the New Stage', systematically introducing the business landscape and global strategy after New Fire Technology's strategic upgrade, publicly unveiling the executive team lineup post-strategic upgrade, and announcing major business initiatives such as the 'Star Map Plan' and the '$500 million DAT Special Plan'.
The four core challenges faced by users drove New Fire Technology to undergo a strategic upgrade.
At the beginning of the strategic release session, Weng Xiaoqi introduced the current overview of the cryptocurrency market. Driven by expectations of interest rate cuts by the Federal Reserve in September this year, the overall market value of digital currency surpassed $4 trillion this month, a 78.54% increase compared to the same period in 2024, surpassing the total market value of silver and the UK stock market, approaching the market values of the Indian stock market and global oil reserves, only second to gold and the total market values of US, China, Europe, and Japan's stock markets, with the wave of crypto assets rising.
However, for new investors entering this field, there are usually four core challenges: 'difficulties in trading', 'difficulties in custody', 'difficulties in investment', and 'difficulties in inheritance'. 'For many traditional high-net-worth clients, they learn from the news that Bitcoin has appreciated many times, but they do not know how to buy digital currency through compliant channels, where to safely custody their purchases? Is there a risk of theft? After buying digital currency, can it be used to invest in stocks? And how can these digital currencies in their wallets be passed down to their children in the future?' These questions posed by Weng Xiaoqi trouble many newly entered high-net-worth investors.
Weng Xiaoqi pointed out that it was precisely because of the attention to these obstacles for new users entering the market that New Fire Technology announced the strategic upgrade, aiming to provide high-net-worth and institutional investors with one-stop private banking-level cryptocurrency investment management services.
In addition to the four main challenges mentioned above, Weng Xiaoqi pointed out that with the rapid development of the global digital asset market and the gradual improvement of regulatory frameworks, high-net-worth investors' demand for specialized, compliant, and customized digital asset services is increasingly prominent. The integration between traditional financial services and the emerging digital asset sector is deepening, leading the industry into a new development stage centered on security, trust, and long-term value. Against this backdrop, digital asset management not only needs to address challenges posed by market volatility and technological innovation but must also upgrade customizable service models and construct one-stop product forms while strictly complying with regulatory requirements worldwide.
To become the 'Goldman Sachs' of the crypto industry, building Asia's largest private banking-level digital asset manager.
Based on the four core challenges faced by users, New Fire Technology proposed to build a 'private banking-level digital asset manager' service platform, pioneering a custodian-style cryptocurrency buying service that can provide high-net-worth clients with comprehensive digital asset services including fiat currency deposits, discounted cryptocurrency purchases, and industry-leading digital asset custody.
Weng Xiaoqi pointed out that New Fire Technology's business landscape upgrade this time uses 'Buy currency, find New Fire, private banking-level digital asset manager' as its brand slogan, breaking the service boundaries of traditional digital asset trading platforms, deeply integrating the customized financial and wealth management service concepts of traditional private banks with blockchain technology and digital financial innovation capabilities, aiming to create a high-end digital asset wealth management platform covering the entire chain of 'trading, custody, investment, and inheritance'.
Weng Xiaoqi systematically introduced the business landscape of New Fire Technology after the strategic upgrade through common examples in daily life, covering the entire chain of products and services from deposits and withdrawals, trading, custody, cross-asset investment to digital asset inheritance, providing the most efficient and professional cryptocurrency financial services in the market for high-net-worth individuals and institutional clients, meeting various customer needs.
At the press conference, Weng Xiaoqi publicly announced the structure of New Fire Technology's executive team, officially announcing the use of the top-level domain 1611.HK, which is the same as the company's stock code, and released a series of plans.
The 'Star Map Plan' and '$500 million DAT Special Plan' were heavily released.
Finally, Weng Xiaoqi announced two major business expansion plans for New Fire Technology: the 'Star Map Plan' and the '$500 million DAT Special Plan'.
The 'Star Map Plan' aims to leverage New Fire Technology's resources to empower 30 financial institutions to jointly lay out the cryptocurrency ecosystem, promoting the integration and innovation of traditional finance and the digital asset industry. Initially, this plan will use the Greater Bay Area Financier Association WEB 3 Alliance as a platform, assisting traditional financial institutions in quickly building digital asset service capabilities through technology output, compliance consulting, and ecological resource sharing, and jointly create a new highland for Hong Kong's digital asset ecosystem.
Weng Xiaoqi stated: 'The 'Star Map Plan' is an important step for us to promote the integration and development of the industry. We believe that through deep collaboration with traditional financial institutions, we can accelerate the popularization and application of digital asset technology and jointly build a more open and compliant industry ecosystem.'
The 'Cryptocurrency Financial Repository Special Plan' aims to capture investment opportunities in leading global digital asset financial repository projects, locking in the benefits of quality DAT assets for clients. This plan will rely on New Fire Technology's leading digital asset custody and asset management capabilities to provide comprehensive business empowerment support to partners, with an initial expected scale of $500 million.
According to Weng Xiaoqi's introduction, the DAT Special Plan will focus on laying out leading cryptocurrency projects with mature financial repository management strategies, strategically investing in their financial repository assets, and sharing the dividends of digital ecosystem development. New Fire Technology will fully utilize its advantages of holding Class 1, 4, and 9 licenses from the Hong Kong Securities and Futures Commission and TCSP trust licenses to provide partners with safe and compliant digital asset custody, financial repository structure design, liquidity management, and asset allocation services, helping institutional clients efficiently participate in the digital financial repository asset market.
'The DAT market is becoming a new highland of value in the digital ecosystem. We hope that through this special plan, we can help clients explore the asset value of leading projects while providing partners with end-to-end digital asset management solutions,' Weng Xiaoqi stated.
The launch of this plan will further consolidate New Fire Technology's leading position in the field of innovative digital asset investment, helping institutional clients seize new opportunities in the development of the digital economy.
New Fire Technology signed strategic cooperation agreements with five leading institutions.
After the release of New Fire Technology's new strategic planning, Weng Xiaoqi represented New Fire Technology in signing strategic cooperation agreements with OSL Group, Bosera Fund (International) Co., Ltd. ('Bosera International'), BoYa Interactive (0434.HK), SlowMist Technology, and Summer Capital.
Weng Xiaoqi first signed a strategic cooperation agreement with Cui Song, Executive Director and CEO of OSL Group. The two sides will explore prospective cooperation in OTC services for high-net-worth clients and the RWA field. Relying on their listing and licensing advantages, they will integrate New Fire Technology's professional experience in private banking-level digital asset management with OSL's leading capabilities in custody and institutional investment services to jointly create a safe, compliant, and innovative investment ecosystem.
Zhang Lianfeng, Partner and Chief Information Security Officer of SlowMist Technology, signed a contract with Weng Xiaoqi on-site and announced the formal establishment of a strategic partnership, with both sides actively cooperating in areas such as digital asset ecological security, digital asset anti-money laundering (AML), and cutting-edge security technology research.
Subsequently, Weng Xiaoqi signed a strategic cooperation agreement with Pang Lizhong, Deputy General Manager of Bosera Fund (International) Co., Ltd. The two sides will mainly cooperate in multiple areas, including digital asset trading, interoperability of private banking-level service systems, digital asset custody, and asset management. They plan to interact deeply based on their professional capabilities and compliance experience in product development, customer service, and related support, as well as investment consulting, to explore industry-leading digital asset services for high-net-worth individuals.
Zhang Wei, founder of BoYa Interactive, attended the meeting and signed a strategic cooperation agreement with Weng Xiaoqi. As Hong Kong's largest cryptocurrency financial repository, BoYa Interactive has a natural demand for asset value returns, providing New Fire Technology with a natural advantage in this regard. Therefore, New Fire Technology will deeply explore DAT business cooperation based on a compliant framework with BoYa Interactive. In addition, both sides will pragmatically cooperate in digital asset custody and cross-asset investment.
After signing a strategic cooperation agreement with Mr. Zhu Junwei, Chairman of Summer Capital, Weng Xiaoqi told reporters that the two sides will cooperate around SOL-related DAT business, and Summer Capital will become an important capital partner for New Fire Technology in exploring DAT business.
As the digital asset market enters a new stage of institutionalization and compliance, New Fire Technology's strategic upgrade clearly defines its first strategy as a private banking-level digital asset manager, signaling to the market that New Fire Technology will actively explore global markets in the future, which will pragmatically promote the compliance and scaling development of Hong Kong's digital asset industry.
