HONG KONG, Jan. 17, 2023 (Global News Agency) — Longsheng International Co., Ltd. (NASDAQ: LYL) announced the official name change to Mida Technology Holdings Limited (NASDAQ: MATH) (the “Company”).The company has also successfully completed the Andafa Technology Co., Ltd. (“Antafa”).
After the reorganization is complete, metafa ltd. (“Metalpha”) will become a wholly owned subsidiary of the Company. Founded in 2021, Metalpha is a leading digital asset wealth management firm headquartered in Hong Kong. The firm works with clients to create tailored tools that enable sophisticated investors to establish or liquidate investment positions or to adopt hedging strategies.
This reorganization demonstrates the company’s management team’s confidence in Metalpha’s ability to expand its presence and develop a competitive advantage under current market conditions. The restructuring aims to create new opportunities for Metalpha to become a global leader in digital asset wealth management. Metalpha employs financial professionals with extensive experience in derivatives and structured products, many of whom have worked at industry-leading banks such as Goldman Sachs, Morgan Stanley and UBS.
“Despite the challenges this year, the crypto industry still has room to grow. We are paying close attention to how we can build a stronger and healthier global market for digital assets, and we are doing this with our partners such as Antalpha and many others thing.” Founder and C.Ethylene oxide Wang Ande.
Metalpha aims to provide customers with high-quality product design and trading capabilities in the industry, and is committed to providing the best structured derivative products for cryptocurrency market participants. The company does not provide services to mainland China and pursues the highest level of compliance standards in every jurisdiction in which it operates.
Going forward, the company will actively work with regulators to develop various compliance measures, and plans to invest in public education to support blockchain technology and recruit more personnel at its Hong Kong headquarters.
About Metalpha Limited
Founded in 2021, Metalpha Limited is a global digital asset wealth management company headquartered in Hong Kong. The company hires top talents from Wall Street banks to provide encrypted derivatives for institutions including exchanges, miners, funds, family offices, etc. The company is backed by Metalpha Technology Holding Limited (NASDAQ: MATH) and Antalpha Technologies Limited and is one of the largest derivatives dealers in Asia.
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the further spread of the COVID-19 virus or new variants thereof, or the occurrence of another wave of cases and its impact on the company’s operations and demand. The Company’s services are based on current expectations and projections of future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expects,” “anticipates,” “aims,” ”estimates,” “intends,” “plans,” “believes” and similar . “Potentially,” “continue,” “likely/likely,” or other similar expressions. The company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from those anticipated and encourages investors to take stock of the company’s review other factors that could affect its future performance in its registration statement and other filings with the Securities and Exchange Commission.
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