Eddid Financial upgrades its Type 9 license to expand digital asset management, plans to launch a 100% cryptocurrency fund and support stablecoin subscriptions and redemptions
Jinse Finance reported that Eddid Financial's subsidiary, Eddid Securities and Futures, has received approval from the Hong Kong Securities and Futures Commission to officially upgrade its Type 9 regulated activity (asset management) license. The company revealed that it is planning to launch a 100% digital asset fund, which will focus on investing in a basket of cryptocurrencies and related products, while also providing stablecoin subscription and redemption fund services.
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