Hong Kong-listed Xinhuo Technology (1611.HK) successfully held the "Hong Kong Blockchain Summit Forum – and Xinhuo Technology Strategy Conference" at the Grand Hyatt Hong Kong. The forum, co-organized by Xinhuo Technology in partnership with Avenir Group, the Greater Bay Area Financiers Association, Alibaba Cloud, and StoneLink, with strategic support from AWS, OSL, and Boyaa Interactive, brought together representatives from government, academia, and the business community to discuss the future development trends of Web3 technology and the digital economy, revealing cutting-edge technological developments and industry insights.
The forum featured a panel of regulatory representatives, academic experts, and industry leaders. In his opening remarks, Professor Lin Chen, Vice-President (Business Strategy) and Director of the Center for Financial Innovation and Development at the University of Hong Kong, first analyzed the logic of digital financial innovation from an academic perspective. Subsequently, Justice of the Peace and Under-Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Mr. Chan Ho-lim, Chairman of the Hong Kong SAR Government's Web3 and Virtual Asset Development Subcommittee, Mr. Wu Kit-chung, Member of the National Committee of the Chinese People's Political Consultative Conference and Chairman of the Hong Kong Legislative Council's Web3 and Virtual Asset Development Subcommittee, and Mr. Kong Jianping, Founder of Nano Labs and Director of Hong Kong Cyberport, delivered opening speeches, interpreting Hong Kong's digital financial policy orientation and development plans.
The forum's most anticipated highlight, the "New Fire Technology Strategy Release ," captured the attention of the entire audience. New Fire Technology's newly appointed Executive Director and CEO, Weng Xiaoqi, officially debuted and delivered a keynote speech titled "Strategy Release for a New Phase." He systematically outlined New Fire Technology's strategically upgraded business landscape and globalization strategy, officially unveiled the company's newly upgraded executive team, and announced major business initiatives such as the " Star Map Plan " and the " $500 million DAT Special Plan ."
Four core difficulties faced by users drive Xinhuo Technology to upgrade its strategy
At the beginning of the strategy release session, Weng Xiaoqi introduced the current overview of the digital currency market. Driven by the positive expectations of the Federal Reserve's interest rate cut in September this year, the overall market value of digital currency exceeded 4 trillion US dollars this month, an increase of 78.54% over the same period in 2024. It has surpassed the total market value of silver and the UK stock market, and is close to the total market value of the Indian stock market and global oil reserves. It is second only to the total market value of gold and the US, China, Europe and Japan stock markets. A wave of crypto assets is surging.
However, for investors who are new to this field, there are usually four core difficulties: "difficulty in trading", "difficulty in custody", "difficulty in investment" and "difficulty in inheritance" . "For many traditional high-net-worth clients, they learned from the news that Bitcoin has increased many times, but they don't know which compliant channels to use to buy digital currencies, and where to safely custody them after purchase? Is there a risk of currency theft? After purchasing digital currencies, can they still use them to invest in stocks? And how to pass these digital currencies in the wallet to their children and grandchildren in the future?" These questions raised by Weng Xiaoqi trouble many high-net-worth investors who have just entered this field.
Weng Xiaoqi pointed out that it was precisely because of these obstacles to the entry of new users that Xinhuo Technology announced a strategic upgrade, aiming to provide high-net-worth and institutional investors with one-stop private-banking-level crypto asset investment management services.
In addition to the four aforementioned challenges, Weng Xiaoqi noted that with the rapid development of the global digital asset market and the gradual improvement of regulatory frameworks, high-net-worth investors are increasingly demanding professional, compliant, and customized digital asset services. The integration of traditional financial services and the emerging digital asset sector continues to deepen, ushering in a new stage of development centered on security, trust, and long-term value. Against this backdrop, digital asset management must not only navigate the challenges of market volatility and technological innovation but also, while strictly adhering to global regulatory requirements, upgrade customizable service models and develop one-stop product offerings.
Become the "Goldman Sachs" of the crypto industry and build Asia's largest private banking digital asset steward
Based on the four core difficulties faced by users, Xinhuo Technology proposed to build a " private banking-level digital asset steward " service platform, pioneering a steward-style coin purchase service , which can provide high-net-worth customers with a full range of digital asset services including fiat currency deposits, discounted coin purchases, and industry-leading digital asset custody.
Weng Xiaoqi pointed out that Xinhuo Technology’s business upgrade this time, with the brand slogan “ Buy coins at Xinhuo, a private-banking-level digital asset manager ”, breaks the service boundaries of traditional digital asset trading platforms and deeply integrates the customized financial and wealth management service concepts of traditional private banks with blockchain technology and digital financial innovation capabilities, aiming to create a full-chain high-end digital asset wealth management platform entrance covering “trading, custody, investment and inheritance”.
Through common cases in life, Weng Xiaoqi systematically introduced the business scope of Xinhuo Technology after the new strategic upgrade, which comprehensively covers the entire chain of products and services from deposits and withdrawals, transactions, custody, cross-asset investment to digital asset inheritance, providing high-net-worth individuals and institutional clients with the most efficient and professional crypto financial services on the market to meet various customer needs.
At the press conference, Weng Xiaoqi announced the executive team structure of Xinhuo Technology, officially announced the launch of the top-level domain name 1611.HK , which is the same as the company's stock code, and launched a series of plans.
The Star Map Project and the $500 million DAT Special Plan were officially launched.
Finally, Weng Xiaoqi announced two major business expansion plans of Xinhuo Technology: the " Star Map Plan " and the " US$500 million DAT Special Plan " .
The "Star Map Project" aims to leverage Newfire Technology's resources and capabilities to empower 30 financial institutions to jointly develop a crypto ecosystem and promote innovation and integration between traditional finance and the digital asset industry. Initially, the project will leverage the Greater Bay Area Financiers Association's WEB3 Alliance. Through technology input, compliance consulting, and ecosystem resource sharing, the project will help traditional financial institutions rapidly build digital asset service capabilities, ultimately fostering a new frontier for Hong Kong's digital asset ecosystem.
Weng Xiaoqi stated, "The Star Map Project is a significant step in our efforts to promote industry integration and development. We believe that through in-depth collaboration with traditional financial institutions, we can accelerate the widespread adoption of digital asset technology and jointly build a more open and compliant industry ecosystem."
The "Crypto Asset Treasury Special Program" aims to capture investment opportunities in leading global digital asset treasury projects and help clients secure dividends from high-quality DAT assets. Leveraging Newfire Technology's leading digital asset custody and asset management capabilities, the program will provide comprehensive business enablement support to partners, with an initial planned size of US$500 million.
According to Weng Xiaoqi, the DAT program will focus on leading crypto projects with mature treasury management strategies, strategically investing in their treasury assets to share in the benefits of digital ecosystem development. Xinhuo Technology will leverage its Hong Kong Securities and Futures Commission (SFC) Type 1, 4, and 9 licenses, as well as its TCSP trust license, to provide partners with secure and compliant digital asset custody, treasury structure design, liquidity management, and asset allocation services, enabling institutional clients to efficiently participate in the digital treasury asset market.
"The DAT market is becoming a new highland of value in the digital ecosystem. Through this special program, we hope to help our clients tap into the treasury asset value of leading projects, while providing our partners with end-to-end digital treasury asset management solutions," said Weng Xiaoqi.
The launch of this plan will further consolidate Xinhuo Technology's leading position in the field of innovative digital asset investment and help institutional clients seize new opportunities in the development of the digital economy.
Xinhuo Technology signed a strategic cooperation agreement with five pioneering institutions
After the release of the new strategic plan of Xinhuo Technology, Weng Xiaoqi represented Xinhuo Technology in establishing partnerships with OSL Group, Bosera Asset Management (International) Co., Ltd. ("Bosera International"), Boyaa Interactive (0434.HK), SlowMist Technology, and
Signed a strategic cooperation agreement with Summer Capital.
Weng Xiaoqi first signed a strategic partnership agreement with Cui Song, Executive Director and CEO of OSL Group. The two parties will explore forward-looking opportunities in over-the-counter (OTC) services for high-net-worth clients and in the areas of RWA. Leveraging their listed and licensed advantages, the two companies will combine Xinhuo Technology's expertise in private banking-grade digital asset management with OSL's leading capabilities in custody and institutional investment services to jointly create a secure, compliant, and innovative investment ecosystem.
Zhang Lianfeng, partner and chief information security officer of SlowMist Technology, and Weng Xiaoqi signed a contract on the spot and announced the formal establishment of a strategic partnership. The two parties will actively carry out security business cooperation in the areas of digital asset ecological security, digital asset anti-money laundering (AML), and cutting-edge security technology research.
Afterward, Weng Xiaoqi signed a strategic cooperation agreement with Pang Lizhong, Deputy General Manager of Bosera Asset Management (International) Co., Ltd. The two parties will collaborate primarily in areas including digital asset trading, interconnected private banking service systems, digital asset custody, and asset management. Leveraging their respective expertise and compliance experience, both parties intend to collaborate in product development, customer service and related support, and investment consulting, jointly exploring the provision of industry-leading digital asset services for high-net-worth individuals.
Zhang Wei, founder of Boyaa Interactive, attended the meeting and signed a strategic cooperation agreement with Weng Xiaoqi. As the largest cryptocurrency treasury in Hong Kong, Boyaa Interactive has a natural demand for asset value returns. Xinhuo Technology has a natural advantage in this regard. Therefore, Xinhuo Technology will conduct in-depth discussions with Boyaa Interactive on DAT business cooperation based on a compliance framework. In addition, the two parties will also carry out pragmatic cooperation 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 parties will cooperate on SOL-related DAT business, and Summer Capital will become an important capital partner of Xinhuo Technology in exploring DAT business.
As the digital asset market enters a new stage of institutionalization and compliance, Xinhuo Technology's strategic upgrade clarifies its primary strategy as a private banking-level digital asset steward and sends a signal to the market that Xinhuo Technology will actively explore the global market in the future. This will provide a pragmatic impetus for the compliance and large-scale development of Hong Kong's digital asset industry.
