Mercurity Fintech's Ucon Capital Hong Kong Accepted to Enter “Cyberport”

Mercurity Fintech Holding Inc. (Nasdaq: MFH), a number one digital fintech group empowered by blockchain know-how, at present introduced that its wholly-owned subsidiary, Ucon Capital (“Ucon”), has been honored with the approval to affix the esteemed “Cyberport”, an modern digital group managed by Hong Kong Cyberport Administration Firm Restricted. This approval is a big acknowledgment of MFH and Ucon’s capabilities and experience, marking a vital milestone within the Firm’s strategic imaginative and prescient.

Ucon, as a part of the MFH group, goals to supply complete digital asset administration providers to shoppers throughout Asian markets, highlighting the synergies between MFH and Ucon, which will likely be additional strengthened and leveraged to help the long-term development of the enterprise.

The Cyberport group is a collaborative initiative supporting over 1,900 know-how firms and startups. It kinds an integral a part of Hong Kong’s technique to determine itself as a worldwide hub for Fintech, Web3, blockchain, and digital finance, boasting outstanding members comparable to licensed cryptocurrency alternate, Hashkey Group, Web3 enterprise capital and sport developer, Animoca Manufacturers, and the Ethereum software program agency behind the crypto pockets ‘MetaMask’, Consensys.

Ucon’s acceptance into the Cyberport group will present MFH with wealthy assets to gas its future growth. By using the collaborative platform supplied by Cyberport, MFH plans to determine its Asian headquarters in Hong Kong, complementing its North American headquarters in New York. This growth will additional the Firm’s international presence and reinforce its positioning as a worldwide chief within the fintech house.

Moreover, MFH intends to use for the Belief and Firm Service Supplier License (TCSPL), or “belief license,” with the Hong Kong Financial Authority (HKMA) to function as a registered trustee and licensed custodian of consumer’s property.

Mercurity Fintech Holding, Inc. CEO Shi Qiu expressed, “We’re honored to affix this group of influential and punctiliously chosen firms within the Hong Kong Cyberport initiative. In Hong Kong, cryptocurrencies comparable to Bitcoin, Ethereum, and USDC cash will likely be thought of property by regulators. This paves the best way for our Firm to make use of our subsidiary, Ucon Capital, and the Asian headquarters at Cyberport as a base to use for compliance licenses and obtain our long-term objectives of launching a complete digital asset administration platform for Asian market. Our acceptance into this distinctive, government-sponsored group of enterprising and entrepreneurial leaders within the digital house signifies an important admittance of MFH and Ucon’s functionality. It should additionally open many doorways for enhanced innovation by collaboration, leveraging the synergies between MFH and Ucon for sustained development, and demonstrating our dedication to offering a complete suite of asset administration providers to our shoppers all through Asia.”

About Mercurity Fintech Holding Inc.Based in 2011 and headquartered in New York, Mercurity Fintech Holding Inc. (MFH) is a fintech agency powered by blockchain. The corporate’s origins have been because the developer of the primary on-line collective market platform in China, dubbed the “Chinese language Groupon.” In 2015, MFH was efficiently listed on Nasdaq and the Firm’s present enterprise evolution consists of distributed computing and storage, digital fee options, and a deliberate entry into on-line and conventional brokerage providers and asset administration.

Ahead-Wanting StatementsThis announcement incorporates forward-looking statements inside the which means of the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995. All statements aside from statements of historic truth on this announcement are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties and are primarily based on present expectations and projections about future occasions and monetary developments that the Firm believes might have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Buyers can establish these forward-looking statements by phrases or phrases comparable to “might,” “will,” “anticipate,” “anticipate,” “goal,” “estimate,” “intend,” “plan,” “consider,” “potential,” “proceed,” “is/are prone to” or different related expressions. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or modifications in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will grow to be appropriate, and the Firm cautions traders that precise outcomes might differ materially from the anticipated outcomes.

For extra info, please contact:Worldwide Elite Capital Inc. Vicky Chueng Tel: +1(646) 866-7989 E-mail: mfhfintech@iecapitalusa.com

Supply: Mercurity Fintech Holding Inc.