FTFT Announces its Formal Application for a VASP License in Hong Kong to Vigorously Expand into the Virtual Asset Sector
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 11 2025
0mins
Source: Yahoo Finance
Future FinTech's License Application: Future FinTech Group Inc. announced that its subsidiary, Future Securities, has signed a commission agreement to apply for a Hong Kong Type 1 Virtual Asset Service Provider (VASP) license and a Type 9 Asset Management License, aiming to expand its financial services into the virtual asset sector.
Strategic Growth in Virtual Assets: The company plans to enhance its market competitiveness by legally operating virtual asset-related businesses, while prioritizing compliance and risk management to ensure stable growth and safeguard investors' interests in the rapidly evolving virtual asset market.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on FTFT
About FTFT
Future FinTech Group Inc. is a holding company. The main business of the Company is supply-chain financing services and trading in China. The Company is in the process of transition and developing its financial technology related business, including supply chain financing/trading, and investment banking and brokerage services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Future FinTech Group Announces 1-for-4 Reverse Stock Split Effective January 20, 2026
- Reverse Stock Split: Future FinTech Group announced a 1-for-4 reverse stock split effective January 20, 2026, aimed at increasing the share price to attract more investors and improve the company's image in the capital markets.
- New CUSIP Number: Following the reverse split, the common stock will have a new CUSIP number 36117V402, ensuring investors can accurately identify their holdings and enhancing transparency.
- Acquisition of TransGen: Future FinTech has signed an agreement to acquire biotechnology firm TransGen, which is expected to enhance the company's market competitiveness and diversify its revenue streams through the integration of new business lines.
- Quant Rating Attention: Seeking Alpha's Quant Rating on Future FinTech Group indicates market interest in its future performance, and the reverse stock split may influence investor perceptions of the company's long-term value.
Continue Reading
Future FinTech Acquires 100% of TransGen Shares in Strategic Move
- Acquisition Agreement Signed: On January 7, 2026, Future FinTech signed a framework agreement with its wholly-owned subsidiary to acquire 100% of TransGen SC Tech Limited's shares, aiming for completion within 90 days, marking a strategic expansion into the biomedical sector.
- R&D Foundation: TransGen has established a solid foundation in biofactor R&D, focusing on treatments for diabetes and Alzheimer's disease, holding 26 invention patents, which underscores its technological strength in high-value therapeutic areas.
- Market Opportunity: With the global aging population and rising healthcare spending, Future FinTech's acquisition positions it to leverage TransGen's technologies to enter the rapidly growing biomedical market, thereby creating long-term value for shareholders.
- Synergistic Effects: Future FinTech's fintech capabilities can provide innovative funding vehicles for medical device initiatives, promoting the industrialization of TransGen's technologies while achieving synergies in data sharing and secure identity management across finance and healthcare.
Continue Reading