[August 27, Hong Kong] The Web3 brand FinChain Star Chain, independently incubated by Fosun Wealth Holdings, was officially launched, and it was announced that the first round of external financing agreements had been signed with investors, with a financing amount of several million dollars. On the same day, Fosun Wealth Holdings and FinChain Star Chain also joined forces with seven authoritative Web3 institutions to create a new ecosystem for crypto finance. This not only symbolizes FinChain Star Chain's active participation in building the infrastructure for Web3.0 in the Asia-Pacific region but also represents Fosun Wealth Holdings' further expansion of its strategic layout in the field of real-world assets (RWA).
On the same day, the "RWA & Stablecoin Summit Forum" co-hosted by FinChain Star Chain, globally renowned Web3 public chain Vaulta (formerly EOS Network), and the well-known rating agency Nonce was grandly held in Hong Kong. Over 200 financial executives, scholars, and entrepreneurs from Fosun Wealth Holdings, Solana, OSL, CipherBC, Matrixport, Animoca Brands, Yuan Coin Technology, Standard Chartered Bank, Circle, CCB International, BNY Mellon, Bank of China Hong Kong, SoftBank Asia, ICBC Asia, BITFUFU, and several large crypto infrastructure institutions attended the event.
Building a blockchain compliance layer to promote the liquidity of compliant assets
FinChain Star Chain is positioned as a compliance-enabled financial infrastructure platform for the on-chain circulation of real assets, committed to enhancing the efficiency of investment and financing on and off the chain and asset transparency by building a blockchain compliance layer and on-chain trust mechanisms. At the same time, FinChain Star Chain will create global compliant digital asset liquidity, providing a "first stop for customer acquisition" for compliant assets such as stablecoins, allowing compliant users to enjoy convenient services of "one-time KYC, Accessibility." FinChain Star Chain prioritizes compliance requirements at the technical level to provide users with efficient and secure services.
Cheng Kang, CEO of Fosun Wealth Holdings and Chairman of FinChain Star Chain, stated: "Fosun Wealth Holdings is fully committed to building an AI-driven global one-stop Web5 ("Web2+Web3") wealth management platform, creating a truly seamless integration of digital assets and physical value. As an innovative pioneer of this vision, FinChain Star Chain is a physical finance blockchain ecosystem created for global users, dedicated to building on-chain compliant financial infrastructure. We aim to unblock the flow of on-chain and off-chain assets and capital, promote a paradigm shift in investment and financing models, and work with the global community to build an open, interconnected, and trustworthy Web5 ecosystem." FinChain Star Chain CEO Zhao Chen also emphasized: "The mission of FinChain Star Chain is to create a global compliance layer for blockchain, build a compliant blockchain ecosystem, and bring real-world assets into DeFi, thereby unleashing their immense value potential."
On the same day, FinChain Star Chain announced that it had completed the signing of the relevant agreements for the first round of external financing with investors, with a financing amount of several million dollars. Strategic investors include Solana Foundation, Vaulta Foundation, Sonic Labs, Animoca Brands, Unified Ventures, and several leading Web3 enterprises and well-known institutions in the venture capital field. Through this round of financing, FinChain Star Chain will leverage technological synergies and ecological cooperation to support its global strategic layout and business expansion.
Joining forces with seven authoritative institutions to create a new ecosystem for crypto finance
At the summit, Fosun Wealth Holdings and FinChain Star Chain signed strategic cooperation agreements with Nonce, Animoca Brands, Matrixport, CipherBC, FomoGroup, MetaComp, and Vaulta. Among them, Nonce is an important media outlet in Asia; Animoca Brands is a top investment institution in the industry; Matrixport is a leading crypto asset management group, CipherBC is a technology-leading crypto security institution, FomoGroup is one of the largest fintech groups in the Asia-Pacific region, MetaComp is a licensed compliant exchange in Singapore, and Vaulta (formerly EOS Network) is the first full-chain service on-chain bank. The strategic cooperation between FinChain Star Chain and the seven institutions will fully integrate and promote brand building, asset management, underlying technology, and Asian payment channels, thereby creating a new ecosystem that supports physical assets for the crypto finance industry within a compliance framework.
As one of the hosts of this summit, Vaulta also announced at the meeting a deep cooperation with FinChain Star Chain in the fields of RWA and stablecoins, marking a milestone in Vaulta's introduction of traditional financial instruments into blockchain infrastructure. Vaulta's CBO Sistine proposed at the forum that Vaulta will provide a one-stop solution for wealth management, trading, payment, and other multi-scenario services under a unified account, achieving the true vision of a Web3 bank. One of the summit hosts, the well-known blockchain rating agency Nonce, also released the (Asia RWA Ranking) and announced a global compliance strategy.
About FinChain Star Chain
FinChain Star Chain is a Web3 brand independently incubated by Fosun Wealth Holdings, dedicated to creating a global physical finance blockchain network for users. FinChain Star Chain provides users with a universal integrated identity system on-chain by building a blockchain compliance layer, and offers developers a friendly resource distribution hub, helping them to quickly launch and expand their businesses in decentralized finance markets and traditional financial fields.