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The Executive Director and CEO of New Fire Technology, Weng Xiaoqi, announced the launch of the international business brand Bitfire.
The “Hong Kong Fintech Summit and New Fire Technology Product Launch Conference” jointly organized by the Hong Kong-listed company New Fire Technology (1611.HK), Avenir Group, and Techub News was held at the Hyatt Regency Hotel in Hong Kong.
Weng Xiaoqi, Executive Director and CEO of Xinhuo Technology, announced for the first time at the press conference the achievements made since the strategic transformation to “private banking-level digital asset management” was announced on August 27: the high-net-worth client base has rapidly expanded, the number of institutional accounts has increased by 8 times, and more than 130 new accounts have been opened, among which over 50 are institutional clients. At the same time, the overall asset management scale is expected to grow from 40 million USD to 500 million USD three months after the official release, with an anticipated growth of 12 times.
In addition, Weng Xiaoqi announced at the press conference that New Fire Technology officially launched a new international business brand - Bitfire, and fully disclosed its global strategic layout. Bitfire will be based in Hong Kong, releasing its private banking-level digital asset management flagship product - Bitfire Prime v1.0 APP, aimed at providing comprehensive personal concierge services for high-net-worth individuals and institutional clients in Hong Kong. Furthermore, Bitfire will actively build a global licensed trading matrix based on the compliant exchange BitTrade in Japan, and launch a multi-dimensional exchange brand including Bitfire Exchanges, Bitfire Prime, Bitfire Hub, and DAT Plus.