Jiufang Intelligent Investment Announces Investment in EX.IO, Layout of Overseas Digital Asset Business

Investment and education institution 9636.HK announced on Tuesday that its wholly-owned subsidiary JF SmartTrade and virtual asset trading platform EX.IO entered into a share purchase agreement and will invest in EX.IO. The company said the move will help to use EX.IO exchange resources and Web3 technology to accelerate the layout of overseas digital asset business, strengthen on-chain financial services capabilities, and promote diversification and sustainable development. The investment did not disclose specific details.
Previously EX.IO subsidiary EXIO Ltd. was granted a Hong Kong virtual asset trading platform license in December last year to engage in virtual asset trading and management business.