DL partners crypto firm for digital assets JV
Hong Kong financial conglomerate DL Holdings will form a joint venture with cryptocurrency exchange ViaBTC that will offer digital asset investment services to family offices and wealth clients.
The two companies have signed a non-legally binding term sheet and will look at a range of opportunities, including jointly providing an over-the-counter crypto trading service and launching a regulated digital assets platform.
The firms said they will hold further negotiations over plans for the joint venture, but stressed it may not proceed, according to a voluntary Hong Kong Stock Exchange announcement on 25 June.
