Mercurity Fintech Holding's subsidiary plans to apply for a trust license from the Hong Kong Monetary Authority

ChainCacther news, the blockchain digital fintech company Mercurity Fintech Holding, listed on NASDAQ, announced that its wholly-owned subsidiary Ucon Capital has been approved to settle in Cyberport. Ucon aims to provide digital asset management services for clients in the Asian market and plans to establish its Asian headquarters in Hong Kong, utilizing the collaborative platform offered by Cyberport.

In addition, MFH also intends to apply to the Hong Kong Monetary Authority (HKMA) for a Trust and Company Service Provider License (TCSPL) to operate as a registered trustee and licensed custodian for client assets.