Yiren Digital(US:YRD) Prnewswireยท2025-10-17 10:10Core Insights - Yiren Digital has signed a Memorandum of Understanding (MOU) with ChainUp to co-develop a global blockchain infrastructure platform for institutional-grade crypto investment products and related financial services [1][2]. Company Strategy - The partnership is a significant step in Yiren Digital's long-term growth strategy, focusing on creating a transparent, efficient, and compliant next-generation fintech platform [2]. - The company aims to capture opportunities at the convergence of traditional finance and emerging Web3 technologies [2]. Blockchain Initiatives - Yiren Digital began building its Web3 assets in Q1 2025 by investing directly in Ethereum (ETH) and established a digital asset task force in Hong Kong to explore regulated opportunities [3]. - The company plans to launch an initial functional release of its new crypto finance system by the end of October 2025, with a full version expected in the first half of 2026 [4]. Long-term Vision - Yiren Digital envisions a comprehensive blockchain-enabled financial ecosystem that offers diversified digital asset investment and tokenization services [5]. - The platform aims to bridge traditional fintech with blockchain infrastructure, unlocking liquidity through the tokenization of real-world assets [5]. Market Context - The global digital asset market has a market capitalization exceeding USD 4.2 trillion, with blockchain-based financial services projected to surpass USD 52.2 billion by 2030, growing at a compound annual growth rate of over 45% [6]. - Yiren Digital believes its early entry positions it to capture significant market share as digital assets transition from speculative instruments to mainstream financial components [7]. ChainUp Overview - ChainUp is a leading blockchain solutions provider, serving over 1,000 clients across more than 30 markets and reaching over 60 million end users [8].