Derlin Holdings plans to invest HKD 60 million in Fulong Consulting to enter the stablecoin market

ChainCatcher news, according to the Securities Times, Derlin Holdings has signed a non-binding term sheet with Hong Kong technology company Fulong Consulting Limited, planning to engage in strategic cooperation and share exchange. Derlin Holdings will invest HKD 60 million in Fulong, aiming to enter the high-growth stablecoin market.

Fulong will apply for a stablecoin license in Hong Kong, and after approval, will work with Derlin Holdings to promote the application and business cooperation of stablecoins. Both parties will collaborate to develop business opportunities, with Fulong leveraging its merchant and user network to support products and promote investor relations in conjunction with Derlin Holdings and its subsidiary platforms (such as Derlin Securities and Synapse Technology).