Financial Partners Invests US$40M in Grayscale and Fidelity’s Bitcoin ETFsby Fintech News Hong Kong January 17, 2024
Financial Partners, a financial services group, has disclosed an investment of US$40 million into spot Bitcoin Exchange Traded Funds (ETFs) offered by Grayscale and Fidelity.
This step is part of the company’s broader strategy to integrate advanced technology, including artificial intelligence (AI), into its trading operations and to expand its presence in the digital asset sector.
Kai Tai Wong, CEO of Financial Partners, stated, “The company takes pride in its extensive investment experience, and we see the integration of AI in trading as the next natural step in the evolution of our investment strategies.
In their statement, the company also outlined the inclusion of modern technologies such as cloud and mobile solutions to enhance operational efficiency and service quality. The company claimed to employ a “core and satellite” strategy for investment, aiming to diversify and effectively manage its investment portfolio.
The company stated its recognition for diversified investment strategies, a commitment to regulatory compliance, and the use of advanced technology to secure and optimise its investments.
Additionally, recent discussions between Kai Tai Wong and Yang Shao, founder of Shao Bank, suggest possible future collaborations, indicating Financial Partners’ intent to remain adaptive and proactive in the evolving financial market.
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