Core Viewpoint - New Fire Technology aims to redefine its business model in the cryptocurrency sector, aspiring to become a "Goldman Sachs of the crypto industry" while differentiating itself from its predecessor, Huobi [1][2]. Group 1: Company Strategy - New Fire Technology is focusing on high-net-worth clients, offering private banking-level services rather than replicating Huobi's exchange model [4][5]. - The company plans to provide comprehensive services including account opening, asset management, and family trust establishment, targeting clients with assets over 10 million HKD [4][5]. - A strategic partnership has been established with various institutions to create an ecosystem that integrates asset management, custody, and trading [5]. Group 2: Market Positioning - The firm is positioning itself as a digital asset custodian, addressing the gap in traditional private banking's capability to manage crypto assets [5][6]. - New Fire Technology has announced a $500 million Digital Asset Treasury (DAT) fund to facilitate corporate investments in cryptocurrencies, aiming to simplify the entry for traditional investors [6][8]. - The company is leveraging its unique service model and regulatory licenses to attract high-net-worth clients in Asia, where existing players have not fully addressed their needs [7][9]. Group 3: Growth Potential - New Fire Technology's revenue is projected to grow significantly, with a forecasted 427% year-on-year increase by mid-2024, despite currently not being profitable [8]. - The company aims to achieve a valuation comparable to Galaxy Digital within three years, focusing on compliance and a lightweight service model to drive growth [8][9]. - The firm has already secured multiple regulatory licenses and is planning further expansions into markets like Singapore and Europe [9].
原火币高管层集体空降，新火科技(01611)能否复刻Galaxy Digital的资本神话?