Derlin Holdings: Applying for a virtual asset management license from the Hong Kong Securities and Futures Commission

According to ChainCatcher news and reports from Sing Tao Daily, the Hong Kong-listed company Derlin Holdings will launch AI family office services. Its Executive Director and Chief Marketing Officer, Ai Kuiyu, stated that the relevant system and app are expected to be launched in the first quarter of 2024, with a client asset threshold set at 1 million USD. Additionally, Derlin Holdings will also launch the investment data system DL-GPT, where all asset information will be stored on an immutable blockchain, and the company will have no viewing permissions. Ai Kuiyu also revealed that Derlin Digital Family Office is applying for a virtual asset management license from the Hong Kong Securities and Futures Commission, and it is expected that the proportion of virtual assets in its investment allocation will continue to increase in the future. However, due to the lack of clear pricing definitions for virtual assets, especially cryptocurrencies like Bitcoin, the company will adopt a cautious approach when managing virtual assets for clients, temporarily keeping the allocation of such assets below 5%.