In a strategic move signaling its commitment to innovation and next-generation finance, Huaxing Capital Holdings Limited (stock code: 1911, hereinafter "Huaxing Capital" or "the Company") has announced key leadership appointments and a bold expansion into the digital asset and Web3 space. On June 26, the company released two major announcements: the appointment of two new independent non-executive directors and the formal launch of a comprehensive strategy targeting blockchain technology, stablecoins, real-world assets (RWA), and the broader Web3 ecosystem.
This development marks a pivotal moment in the evolution of Huaxing Capital’s “2.0 era,” reinforcing its position as a forward-thinking financial institution at the intersection of traditional finance and decentralized innovation.
Strategic Leadership Additions to Strengthen Web3 Vision
The board of directors has appointed Frank Fu Kan as an independent non-executive director, with roles on the Audit Committee, Remuneration Committee, and Nomination Committee. Additionally, Ms. Jiali Chen has been named independent non-executive director, Chair of the Audit Committee, and member of the Nomination Committee.
Both appointees bring deep expertise in high-growth technology sectors:
- Frank Fu Kan brings over 30 years of experience in tech business development, with specialized knowledge in blockchain, digital assets, and Web3 ecosystems. His leadership roles include co-founding Distributed Capital, serving as CEO of Huobi US, and holding senior executive positions at Meitu Company, where he oversaw global operations and international investments.
- Ms. Chen, known for her governance acumen and regulatory insight, will play a crucial role in guiding Huaxing’s compliance framework as it expands into highly regulated digital asset markets.
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These appointments reflect Huaxing’s strategic intent: to embed domain-specific expertise at the board level, ensuring informed decision-making as it ventures deeper into programmable finance and decentralized technologies.
Launching a $100 Million Web3 and Digital Asset Initiative
Backed by board approval, Huaxing Capital has allocated a $100 million budget over the next two years to develop its Web3 business and invest in digital currency assets. This initiative focuses on three core pillars:
- Stablecoins – Recognizing their growing role in global liquidity and cross-border payments.
- Real-World Assets (RWA) Tokenization – Unlocking new capital flows by bringing physical assets on-chain.
- End-to-End Digital Asset Ecosystem Development – From custody and trading to compliance infrastructure.
The company also plans to actively pursue regulatory licenses and upgrades to support virtual asset services, aligning with evolving frameworks in key jurisdictions like Hong Kong.
This strategic pivot is not abrupt—it builds on a track record of early-mover successes in the blockchain space.
Proven Track Record in Blockchain and Digital Innovation
Huaxing Capital has long maintained a forward-looking investment posture in emerging technologies:
- 2019: Led Canaan Creative’s Nasdaq IPO—the first major blockchain hardware company to go public.
- 2021: Invested in Amber Group, now merged with a U.S.-listed SPAC.
- 2022: Backed Matrixport and supported Bitdeer’s SPAC listing on NASDAQ.
- 2024: Huaxing Securities (Hong Kong) served as financial advisor for HashKey Group, guiding its fundraising and regulatory compliance journey.
Notably, Huaxing’s investment in Circle Internet Group, often dubbed the “first stablecoin IPO,” has proven particularly prescient. On its listing day, Circle opened at $69.32, surged to $103.75 intraday, and later climbed to an impressive $298.99 on June 23, more than eight times its original offering price.
This success underscores Huaxing’s ability to identify high-potential ventures in the digital asset space—long before they enter mainstream adoption.
The 2.0 Era: Bridging Web2 and Web3 Finance
Since resuming trading on the Hong Kong Stock Exchange and under the renewed leadership of Chairman Yanqing Xu, Huaxing Capital has reinvigorated its mission. The “2.0 era” is defined by three strategic engines driving growth:
- Artificial Intelligence
- Mergers & Acquisitions
- Blockchain Technology
By integrating these forces, Huaxing aims to become a bridge between Web2 and Web3, transforming traditional financial institutions into core participants in the global Web3 investment landscape.
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This isn’t just about diversification—it’s about creating a second growth curve with long-term scalability. The move strengthens Huaxing’s competitive edge, enhances shareholder value, and fulfills its broader social responsibility as a financial innovator in an age of technological transformation.
Regulatory Tailwinds Accelerate Market Readiness
The timing of Huaxing’s expansion is no coincidence. Global regulatory frameworks are maturing rapidly, especially in Asia.
On June 26, Hong Kong released its Digital Asset Development Policy Statement 2.0, upgrading its regulatory infrastructure and promoting international collaboration. Key initiatives include:
- Opening retail markets to virtual assets
- Launching tokenized government bonds
- Establishing a clear licensing regime for stablecoin issuers
These steps mark a shift from “framework building” to “full implementation,” positioning Hong Kong as a dual hub for offshore RMB and virtual assets.
Other major players are responding:
- JD.com’s stablecoin is now in Phase 2 of testing within the Hong Kong Monetary Authority’s “Stablecoin Issuer Sandbox.”
- Ant Group announced in June it is accelerating global treasury investments and plans to apply for licenses once regulations take effect.
- Guotai Junan International recently received SFC approval to offer virtual asset trading services under regulated conditions.
With policy support converging with technological readiness, the stage is set for institutional adoption at scale.
Frequently Asked Questions (FAQ)
Q: What does Huaxing Capital’s entry into Web3 mean for investors?
A: It signals strong confidence in the long-term viability of digital assets. By investing $100 million and appointing industry experts, Huaxing is positioning itself to capture value across the Web3 stack—offering investors exposure through a regulated financial institution.
Q: How are stablecoins becoming part of mainstream finance?
A: Stablecoins provide fast, low-cost cross-border settlements and are increasingly used in treasury management. With Hong Kong’s new licensing regime and projects like tokenized国债 (government bonds), they’re transitioning from speculative tools to foundational financial infrastructure.
Q: What role do RWAs play in blockchain adoption?
A: Real-world asset tokenization brings traditionally illiquid assets—like real estate or private credit—on-chain, enabling fractional ownership, 24/7 trading, and greater transparency. This fusion of physical value with digital efficiency is a key driver of institutional blockchain adoption.
Q: Is Huaxing Capital developing its own cryptocurrency?
A: There is no public indication that Huaxing plans to launch its own coin. Its focus appears to be on investing in existing ecosystems, supporting compliant projects, and building financial infrastructure around digital assets.
Q: How does this strategy align with ESG and financial stability goals?
A: By focusing on regulated stablecoins and RWA tokenization within approved frameworks, Huaxing promotes transparency, reduces systemic risk, and supports sustainable innovation—aligning with both investor expectations and regulatory priorities.
Q: What are the risks involved in expanding into digital assets?
A: While promising, the sector faces evolving regulations, cybersecurity concerns, and market volatility. However, Huaxing’s cautious, compliance-first approach—evidenced by its advisory role with HashKey and selective investments—demonstrates risk-aware execution.
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Conclusion: A New Chapter in Financial Innovation
Huaxing Capital’s latest moves represent more than a business expansion—they reflect a fundamental reimagining of finance’s future. By combining seasoned leadership, strategic capital allocation, and deep regulatory alignment, Huaxing is not just adapting to change; it’s helping shape it.
As artificial intelligence, blockchain, and institutional-grade digital assets converge, firms like Huaxing are leading the charge in building a more inclusive, efficient, and innovative financial system—one that bridges legacy markets with tomorrow’s decentralized economy.
With Hong Kong emerging as a global hub for digital finance and major enterprises embracing stablecoins and tokenization, the window for action is open. And Huaxing Capital is stepping through—with vision, resources, and purpose.
Core Keywords: Huaxing Capital, Web3 strategy, digital assets, stablecoins, RWA tokenization, blockchain investment, independent directors, Hong Kong digital asset policy