Fosun International Expands into Cryptocurrency with New Trademarks

Fosun Wealth International Holdings' recent trademark registrations and license upgrade indicate a strategic commitment to the cryptocurrency and virtual asset market.

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Summary

Fosun International has registered new trademarks such as 'Fosun International Crypto' and 'Fosun Coin' in Hong Kong, marking its enhanced involvement in the cryptocurrency sector. The company has upgraded its license with the Securities and Futures Commission, allowing it to offer virtual asset trading via the VATP platform. CEO Cai Hua has previously stated plans for asset tokenization projects and a trading system for existing customers.

Terms & Concepts
  • RWA tokenization: The process of converting real-world assets into digital tokens on a blockchain, allowing for easier trading and ownership transfer.
  • VATP: Virtual Asset Trading Platform, a platform for trading virtual assets, including cryptocurrencies.
  • trademarks: Legally registered symbols, names, or phrases that distinguish goods or services of one entity from others.