Chinese fintech companies engage with Venom on blockchain integration

According to ChainCatcher, as reported by BeInCrypto, a Chinese fintech company is in preliminary talks with Abu Dhabi's Venom Foundation regarding the introduction of the Venom blockchain, which is intended for use in cross-border settlements, green finance, and other scenarios. The transaction structure and timeline have not yet been disclosed.

According to TheStreet, these negotiations are interpreted as a signal that China is exploring high-performance blockchain infrastructure within a specific compliance framework, possibly focusing on "acquisition/adoption of technical solutions" rather than equity mergers and acquisitions. Further details are subject to future official disclosures.