Core Insights - Derin Holdings (01709) has entered into a subscription agreement with Asseto Holdings Limited to acquire 77,400 Class A ordinary shares for a total subscription price of $1.2903 million, representing approximately 3.23% of Asseto's enlarged issued share capital post-transaction [1] Group 1: Company Overview - Asseto is a leading fintech company in the Asian tokenization market, focusing on the tokenization of real-world assets (RWA) and integrating traditional finance (TradFi) with decentralized finance (DeFi) [2] - The company aims to diversify its revenue sources by expanding its product line beyond cash management RWA to include funds, bonds, stocks, private credit, real estate, and various alternative assets [2] - Asseto has established a strong strategic industry partnership network, including companies preparing to apply for a Hong Kong stablecoin license [2] Group 2: Strategic Importance - The subscription agreement is a significant milestone for the group, allowing it to tap into the rapidly growing market and leverage advanced technologies in blockchain and smart contracts [3] - Collaborations with leading firms like HashKey Group and major global asset management companies will enable the group to access valuable ecosystem connections and facilitate future product co-development and cross-market promotion projects in Asia and internationally [3]
德林控股与Asseto订立认购协议