[August 27, Hong Kong] FinChain, the Web3 brand incubated by Fosun Wealth Holdings , officially launched and announced the signing of multi-million dollar agreements with investors for its first round of external funding. On the same day, Fosun Wealth Holdings and FinChain also partnered with seven leading Web3 institutions to build a new crypto-finance ecosystem. This not only symbolizes FinChain's active participation in building the Asia-Pacific Web3.0 infrastructure, but also represents the further expansion of Fosun Wealth Holdings' strategic presence in the real-world asset (RWA) sector.
The "RWA & Stablecoin Summit Forum" was grandly held in Hong Kong today. The event was co-hosted by FinChain, the globally renowned Web3 public chain Vaulta (formerly the EOS network), and the renowned blockchain rating agency Feixiaohao. Over 200 financial executives, academics, and entrepreneurs from Fosun Wealth Holdings, Solana, OSL, CipherBC, Matrixport, Animoca Brands, Yuanbi Technology, Standard Chartered Bank, Circle, Bocom International, Bank of New York Mellon, Bank of China (Hong Kong), SoftBank Asia, ICBC Asia, BITFUFU, and several major crypto infrastructure institutions participated in the event.
- Build a blockchain compliance layer to promote the liquidity of compliant assets
FinChain is positioned as a compliant financial infrastructure platform for the on-chain transfer of real-world assets. It is committed to improving both on-chain and off-chain investment and financing efficiency and asset transparency by building a blockchain compliance layer and on-chain trust mechanisms. FinChain will also foster global compliant digital asset liquidity, providing a "first-stop" customer acquisition platform for compliant assets such as compliant stablecoins. Compliant users will benefit from convenient "one-stop KYC, accessibility" services. FinChain prioritizes compliance requirements at the technical level, providing users with efficient and secure services.
Cheng Kang, CEO of Fosun Wealth Holdings and Chairman of FinChain , stated, "Fosun Wealth Holdings is fully committed to building an AI-driven, global, one-stop Web5 ("Web2+Web3") wealth management platform, creating a truly one-stop, seamless ecosystem integrating digital assets and real-world value. As an innovative pioneer in this vision, FinChain is a physical financial blockchain ecosystem built for global users, dedicated to building a compliant on-chain financial infrastructure. We aim to open up channels for the flow of assets and capital on and off-chain, promote a paradigm shift in investment and financing models, and work with the global community to build an open, interconnected, and trusted Web5 ecosystem." FinChain CEO Zhao Chen also emphasized, "FinChain's mission is to introduce real-world assets into DeFi by building a global blockchain compliance layer and a blockchain compliance ecosystem, thereby unleashing their enormous value potential."
On the same day, FinChain announced the signing of multi-million dollar agreements for its first external funding round. Strategic investors include leading Web3 companies and renowned venture capital firms such as the Solana Foundation, Vaulta Foundation, Sonic Labs, Animoca Brands, Unified Ventures, and Tengyun Capital. This round of funding will support FinChain's global strategic expansion and business development through technological collaboration and ecosystem partnerships.
- Join forces with seven authoritative institutions to create a new crypto-financial ecosystem
At the summit, Fosun Wealth Holdings and FinChain signed strategic partnership agreements with Feixiaohao, Animoca Brands, Matrixport, CipherBC, FomoGroup, MetaComp, and Vaulta. Among them, Feixiaohao is a major Asian media outlet; Animoca Brands is a top investment institution in the industry; Matrixport is a leading crypto asset management group; CipherBC is a technologically advanced crypto security firm; FomoGroup is one of the largest fintech groups in Asia Pacific; MetaComp is a licensed and compliant exchange in Singapore; and Vaulta (formerly the EOS network) is the first full-chain service on-chain bank. FinChain's strategic partnerships with these seven institutions will comprehensively integrate and promote brand building, asset management, underlying technology, and Asian payment channels, thereby creating a new ecosystem for the crypto-finance industry that supports physical assets within a compliant system.
Vaulta, one of the summit organizers, also announced its in-depth collaboration with FinChain in the areas of RWA and stablecoins, marking a milestone in Vaulta's efforts to integrate traditional financial instruments into blockchain infrastructure. Vaulta's CBO, Sistine, stated at the forum that Vaulta will provide a one-stop solution for multiple scenarios, including wealth management, trading, and payment, under a unified account, realizing the vision of a true Web3 bank. Feixiaohao, a renowned blockchain rating agency and one of the summit organizers, also released its "Asia RWA Rankings" and announced its global compliance strategy.
About FinChain
FinChain, a Web3 brand incubated by Fosun Wealth Holdings, is dedicated to building a global physical financial blockchain network for users. FinChain builds a blockchain compliance layer, provides users with a universal, integrated identity system on-chain, and offers developers a user-friendly resource distribution hub, enabling them to quickly launch and expand their businesses in both decentralized finance and traditional finance.
