Xinhuo Asset Management and Fangde Securities (Hong Kong) have reached a cooperation agreement to jointly create virtual asset fund services

PANews reported on April 28 that, according to official sources, New Fire Asset Management (Hong Kong) Co., Ltd. announced the signing of a strategic cooperation MOU with Fande Securities Limited (Hong Kong). Both parties have reached a consensus to jointly build virtual asset fund services. They will collaborate to establish a mature virtual asset trading network and investment system, providing high-net-worth investors and institutional clients with more convenient, compliant, and diversified virtual asset investment products. Fande (Hong Kong) will become the distribution channel for multiple compliant fund products of New Fire Asset Management, including the New Fire Multi-Strategy Virtual Asset Fund and the New Fire Quantitative Arbitrage Neutral Strategy Portfolio Fund. New Fire Asset Management will also become Fande (Hong Kong)'s exclusive partner in the virtual asset industry. The two core funds to be co-distributed include: the New Fire Multi-Strategy Virtual Asset Fund and the New Fire Quantitative Arbitrage Neutral Strategy Portfolio Fund. Additionally, both parties will jointly explore cooperation opportunities in projects related to blockchain technology, financial technology, digital assets, tokenization, and Web 3.0.