Bestway will change its name to Z Fin Limited, shifting its strategic focus to areas such as crypto assets and RWA.
07-31 09:01

According to an announcement from the Hong Kong Stock Exchange, Sinolink Holdings Limited (1168.HK) announced a strategic shift in focus to fintech-related sectors, with a focus on crypto assets, real-world assets (RWA), Web 3, and stablecoins. To better reflect its business positioning, the company plans to change its English name from "SINOLINK WORLDWIDE HOLDINGS LIMITED" to "Z Fin Limited." Following the name change, the company will no longer use the Chinese name "Best-Star Holdings Limited" for identification purposes.

Best Buy noted that it has already made strategic investments in ZhongAn Online Property & Casualty Insurance (6060.HK) and its joint venture, ZhongAn Technology (International) Group Co., Ltd. (ZA Global). Notably, ZA Global wholly owns ZA Bank, Hong Kong's largest digital bank. ZA Bank is the first Hong Kong bank to offer dedicated reserve banking services to stablecoin issuers and has also invested in RD Technologies, a participant in the HKMA's "Stablecoin Sandbox."

最热快讯
资讯热榜
日榜
周榜
Binance Alpha launches MOMOFUN (MM), with an airdrop threshold of 200 points
A whale bought $300 million worth of ETH from Galaxy in three days, now losing $26 million
Planet Noon News | August 3
Hong Kong RWA registration platform will be launched on August 7
The Satoshi Nakamoto statue in Lugano, Switzerland, which Tether co-created, has been stolen.
Communications Platform Towns Protocol Announces Token Economics: 57% of Tokens Allocated for Airdrops, Grants, and Other Community Initiatives