On July 12, according to official news, Spruce Technology HK Limited, a wholly-owned subsidiary of Kin Network, obtained the Type 4 (Securities Advisory) and Type 9 (Asset Management) licenses issued by the Hong Kong Securities and Futures Commission (SFC), marking a significant breakthrough in its global strategy. In the future, Kin Network will rely on its strong international compliance capabilities to accelerate its global market expansion.
Meanwhile, Kingnet AI, an AI full-process game development platform developed by SmileCobra Studio and supported by Kin Network's technology, will help drive innovation in game content creation, gameplay generation, and economic system design.
SmileCobra Studio will also actively layout in virtual asset management, AI collaborative tools, and Web3 game innovation fields. This licensing demonstrates Kin Network's compliance capabilities, laying a solid foundation for building a trustworthy global game ecosystem and promoting global commercialization.
