Xinhuo Technology's subsidiary Xinhuo Trust fully upgrades its bank account system to provide new digital asset custody services to institutional inv

On February 7th, Xinhua Technology Holdings Limited (referred to as "Xinhua Technology", stock code: 1611.HK) announced that its wholly-owned subsidiary, Xinhua Trust Co., Ltd. (referred to as "Xinhua Trust"), has fully upgraded its bank account system and can provide convenient, fast, and cost-effective fiat currency custody services to institutional investors with the same name. It supports multiple currencies such as US dollars, Hong Kong dollars, and new currencies, making it easy for various types of funds and asset management institutions to open fiat currency accounts and meet fund audit requirements.

It is reported that Xinhua Trust holds a Hong Kong Trust or Company Service Provider (TCSP) license and can provide regulated digital asset custody services in Hong Kong.