BiFinance has successfully raised $10 million in its Series A funding round, led by Sunfund Fortuna Global Opportunities, a fund managed by Donghao Asia. The round saw additional investments from prominent Hong Kong-listed companies, including DTXS Investment (HK:0508), SDM Education (HK:8363), and TigerVCDAO.
With this new funding, BiFinance is set to collaborate with these strategic partners to advance initiatives in blockchain technology, Real World Assets (RWA), digital identity, and digital assets. The goal is to drive the transformation of traditional financial assets into digital formats, accelerating the development of the Web3 ecosystem.
In a recent Space event co-hosted with ChainCatcher, BiFinance CEO Bob shared the company’s strategic roadmap and detailed plans for utilizing the Series A funds:
Advancing Technological Innovation and Asset Digitization
BiFinance will leverage this investment to expedite the digitization of traditional financial assets, such as stocks, bonds, and funds. Through its Asset-Backed Token (RWA/STO) services, the company aims to offer innovative asset management and trading solutions that seamlessly integrate traditional finance with the Web3 ecosystem.
Expanding the Web3 Ecosystem
The funding will also support the expansion of BiFinance’s platform capabilities, including trading, staking, and payment services. This enhancement is designed to provide users with a more comprehensive and efficient digital financial ecosystem.
Global Expansion Strategy
The capital infusion will enable BiFinance to scale its international operations. By partnering with strategic allies like SDM Education Group, the company plans to accelerate its global presence, offering localized services and boosting its influence in the global market.
Driving Technological Advancements
BiFinance intends to invest heavily in blockchain technology research and development, further enhancing platform security and functionality. This will strengthen the connection between cryptocurrency and traditional financial markets.
The Space event, held in collaboration with ChainCatcher and other respected media platforms, gathered industry experts, key opinion leaders, and a broad audience to discuss the future of the cryptocurrency market and BiFinance’s strategic direction. BiFinance reiterated its commitment to leading the transformation of the Web3 financial industry, creating greater opportunities and value for users worldwide.
About BiFinance
BiFinance is a leading digital asset trading platform focused on integrating traditional financial markets with the Web3 ecosystem through innovative blockchain and cryptocurrency solutions. The company provides a full range of digital financial services, including asset management, trading, staking, and payments, offering premium investment opportunities and financial services to a global user base.
