Bright Smart said the Ant Fortune Holdings deal has been fully completed, with post-acquisition plans centered on digital transformation and regulatory compliance rather than mainland brokerage expansion or Web3 initiatives.
Bright Smart said Ant Fortune Holdings’ acquisition of the company has been fully completed. Following the transaction, Bright Smart said it will accelerate its digital transformation while complying with regulations in mainland China and Hong Kong. The company also said its business mainly serves local clients in Hong Kong, denied plans to expand mainland brokerage services, and stated that it does not plan to develop tokenized assets or pursue other Web3 business lines. The statement indicates a focus on regulated financial services and operational modernization rather than expansion into blockchain-based products.