The launch of “Alpha BTC” fills the market gap in Hong Kong for compliant BTC-based enhancement strategies and is a key step in the Group’s transformation from a comprehensive digital financial services provider to a licensed digital asset private bank.
Article author and source: Xinhuo Group
Hong Kong, April 23 – Today, Newfire Group (1611.HK, formerly known as Newfire Technology), a Hong Kong-listed company, held the Bitfire Day・2026 Hong Kong Digital Wealth Management Summit at the Hong Kong Convention and Exhibition Centre Main Stage. Newfire Group Executive Director and CEO, Weng Xiaoqi, attended and announced the implementation of two core strategies: the strategic acquisition of Avenir's investment and trading team and complete trading system, and the simultaneous launch of Hong Kong's first Bitcoin-based compliant asset management service, "Alpha BTC". This move marks a new stage in Newfire Group's asset management strategy, officially making it the exclusive asset management platform to undertake the long-term BTC strategy capabilities of Li Lin Family Office, and embarking on a new journey of privatized development of licensed digital assets.
At the meeting, Weng Xiaoqi disclosed that since launching the "Digital Asset Private Banking Concierge Service" strategy in August 2025, the group has completed its brand upgrade and business system restructuring, achieving leapfrog growth in the past eight months. As of April 2026, the number of clients has increased to 476, a 30-fold increase; global assets under management have increased to HK$2.295 billion, a year-on-year increase of 115.29%.
Originating from the Li Lin family office, Avenir Group has grown into a comprehensive investment group, ranking among the top in the industry with the largest Bitcoin ETF holdings in Asia by the end of 2025. Through this strategic integration, Newfire Group will fully introduce Avenir's core investment research team, its long-term proven risk control system, and mature trading system, enabling multi-platform collaborative operation and stable management of large sums of money. Related strategic capabilities will be formally incorporated into Newfire's compliance system under the Hong Kong Securities and Futures Commission's Type 1, 4, and 9 licenses, laying a solid foundation for the launch of private banking-grade products.
The newly launched "Alpha BTC," developed by Avenir Group after nearly two years of real-world testing and deep integration with Newfire Group, is the group's first key asset management service launched as part of its privatization strategy. This service targets professional investors with digital asset investment experience and corresponding risk tolerance, holding significant amounts of BTC and Bitcoin ETF positions. It is planned to operate through a subsidiary of the group holding a Hong Kong Securities and Futures Commission (SFC) Type 9 license. "Alpha BTC" uses Bitcoin spot and IBIT as its underlying assets, with a capacity of billions of dollars. Without changing the client's underlying holdings or transferring asset ownership, it allows clients 100% self-control, with assets remaining entirely in their own accounts. Newfire obtains trading authorization only through API, relying on mature options portfolios and stringent risk control to achieve high-quality and efficient cryptocurrency-based value appreciation for clients, balancing compliance, security, and profitability.
Weng Xiaoqi, Executive Director and CEO of Newfire Group, stated that the launch of "Alpha BTC" fills a market gap in Hong Kong for compliant BTC-based enhancement strategies and is a key step in the Group's transformation from a comprehensive digital financial services provider to a licensed digital asset private bank. Leveraging this strategic integration of a top-tier asset management team and professional trading system, Newfire Group will build a compliant asset management system capable of handling billions of US dollars, continuously leading the high-quality development of the Hong Kong and Asian digital asset management markets.
