Exclusive Interview with New Fire Technology CEO Weng Xiaoqi: Starting from Hong Kong, Building a Global Compliant Trading Cluster

Article author, source: 0xArthur, ME

ME CEO Jessica (left) with New Fire Technology CEO Weng Xiaoqi (right)

Two Months, Two Releases: Bitfire Brand and Private Banking-Level Services Launched

"I was officially appointed as the CEO of New Fire Technology on August 26," Weng Xiaoqi opened, "On the first day of my tenure, we released our new strategic phase, and on November 5, we officially launched Hong Kong's most distinctive private banking-level digital concierge service."

This service is aimed at high-net-worth individuals and institutional clients, providing a one-stop experience from "compliance account opening, fund inflow and outflow, digital asset allocation, trust management to cryptocurrency investment." Weng Xiaoqi described it as a "tailored service designed for financial institutions and professional investors," emphasizing a balance between compliance and efficiency.

At the same time, New Fire Technology launched a new English brand Bitfire, serving as the core flag for its global expansion. "Bitfire will carry our international strategy and become the main brand for New Fire Technology's global layout in the coming years," he added.

From Hong Kong to the World: Globalization Strategy Driven by Dual Brands

Jessica mentioned that in recent years, Hong Kong and several regions have successively introduced friendly Web3 policies, bringing new development opportunities to the crypto industry. Weng Xiaoqi pointed out, "The reason we invested heavily in acquiring a new domain name and activating the Bitfire brand is to comprehensively layout the global market."

He analyzed that the global crypto market is showing a pattern of "blossoming in multiple places." "In addition to Hong Kong, we see that Europe’s MiCA regulations, the Middle East, Japan, Southeast Asia, as well as emerging markets in South America and South Africa are all brewing unique regulatory systems."

New Fire Technology currently holds Hong Kong's No. 1, 4, and 9 financial licenses and owns Japan's fifth-largest cryptocurrency exchange BitTrade. Weng Xiaoqi stated, "This represents two models: heavy and light. We will flexibly deploy new exchanges and business collaborations in different regions using these two templates."

He further pointed out that the global strategy will adopt a "heavy---medium---light" three-tier structure:

• Heavy Model: Directly licensed operations in certain markets;
• Medium Model: Joint operations with local partners;
• Light Model: Using Hong Kong private banking as a template, providing specialized broker services to connect local traders and investors.

"In the next decade, we hope to build a new, cross-regional, and licensed compliant virtual currency exchange cluster," he said.

Asia's Dual Axes: Synergistic Layout of Bitfire × BitTrade

When discussing future key markets, Weng Xiaoqi emphasized, "Asia remains our most advantageous region." New Fire will use Bitfire (Hong Kong) and BitTrade (Japan) as dual core brands to simultaneously promote the implementation of products and services.

Jessica added with a smile, "Bitfire, BitTrade, these two names everyone should remember—these are the two major pillars of New Fire Technology's Asian business, one representing deep regulatory and trading heritage, the other symbolizing innovation and high-end services."

In the coming year, New Fire Technology plans to establish a "middle platform system" that can support global operations, refining the liquidity and product core of the two major brands to form a replicable global operation template. "We hope that in the next phase, we will no longer reinvent the wheel but establish an efficiently launchable structure."

Additionally, New Fire will actively apply for regulatory licenses in emerging markets in multiple locations to expand its compliance footprint.

Conclusion: A Ten-Year Blueprint, the Global Spark Starting from Hong Kong

In just a few minutes of conversation, Weng Xiaoqi outlined the grand blueprint of New Fire Technology: from Hong Kong to Japan, from Asia to the world, promoting a balanced development of compliance and innovation with the Bitfire + BitTrade dual-axis structure.

"Our vision is to build a truly global and compliant virtual asset trading ecosystem in ten years," he concluded.

As for Hong Kong, he sees it as the starting point of the Web3 world: "This is our most important harbor and the origin of New Fire's global journey."