Greenland Financial Technology Group, a wholly owned subsidiary of China's state property giant Greenland Holdings, is planning to apply for a license to open a crypto business in Hong Kong, the South China Morning Post reports, citing James Geng Jing, the head of the financial arm.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
Geng said the company wants to "further diversify" its business and expand international footprint with the help of crypto. He added:
"As Hong Kong is launching a new regulatory regime for virtual asset trading platforms, it is the perfect timing for Greenland to enter into this business in Hong Kong."
Although it is unclear when Greenland plans to apply for the license, Geng said the company wants to trade not only traditional cryptocurrencies, but also non-fungible tokens (NFTs) and "products related to carbon emissions."
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange