Mercurity Fintech shares leap on tokenized RWA partnership

Investing.com -- Mercurity Fintech Holding Inc ADR (NASDAQ:MFH) stock surged 10% at open following the announcement of a strategic partnership with SBI Digital Markets (SBIDM), a subsidiary of Japan’s SBI Group. This collaboration is aimed at fostering the adoption and global distribution of tokenized real-world assets (RWAs) through regulatory-compliant investment solutions.

The partnership leverages the strengths of both firms to connect institutional capital with tokenized assets, ensuring full regulatory compliance in key markets. MFH’s subsidiary, Chaince Securities, LLC, will oversee the distribution of SBIDM’s tokenized asset offerings, adhering to the regulations of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA). The initiative targets institutional investors, high-net-worth individuals, and accredited investors seeking compliant digital asset exposure. Concurrently, SBIDM will provide tokenization technology and infrastructure to support MFH’s expansion in digital assets.

Wilfred Daye, CSO of Mercurity Fintech Holding Inc. and CEO of Chaince Securities, LLC, expressed enthusiasm about the partnership, citing the transformative nature of asset tokenization and its impact on investor market access. He emphasized the collaboration’s ability to deliver institutional-grade digital solutions while navigating complex regulations.

Winston Quek, CEO of SBI Digital Markets, also commented on the partnership’s potential to extend their distribution network in the U.S. market, highlighting the synergy between SBI’s tokenization technology and MFH’s distribution capabilities.

Investors have responded positively to the news, reflected in the significant uptick in MFH’s stock price. The partnership is expected to enhance MFH’s digital asset offerings and market presence, particularly in the U.S., by tapping into SBIDM’s technological expertise and the growing interest in tokenized assets among sophisticated investors.

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