Latest news with #GaryDeng
Yahoo
3 days ago
- Business
- Yahoo
Hong Kong's IVD Medical Adds $19M Ether to Its Treasury
Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts. In a statement to CoinDesk, Chief Strategy Officer Gary Deng said Ethereum was chosen as the core asset because it is 'the world's most mature smart contract platform' with 'extremely high liquidity' and growing institutional recognition, pointing to the U.S. SEC's approval of a spot ETH ETF. IVD plans to use ETH for on-chain ownership confirmation, automated revenue distribution, and compliance governance of tokenized assets. It will also serve as the settlement layer for the company's planned IVDD stablecoin, enabling cross-border transactions within Hong Kong and U.S. compliance frameworks. Revenue from RWA transactions will be automatically converted into ETH and deposited into the treasury. IVD also intends to deploy ETH into staking, re-staking, and on-chain derivatives to boost returns and liquidity while adding downside protection. The move puts IVD alongside a small group of HKEX-listed companies with crypto treasuries, most of which favor bitcoin (BTC). Boyaa Interactive ( holds more than 3,100 BTC worth over US$300 million after converting nearly all of its ether to bitcoin. Meitu ( bought about 31,000 ETH and 940 BTC in 2021 before exiting those positions. Other smaller bitcoin holders include Yuxing InfoTech ( with 78 BTC, Moon Inc. ( with 18.88 BTC, and Walnut Capital ( with 10 BTC from a shareholder donation. IVD's move was made as part of a broader partnership announcement with HashKey Group, which operates the Hong Kong-licensed HashKey exchange.
The Sun
3 days ago
- Business
- The Sun
HK-listed IVD Medical Invests HK$149M in Ethereum through HashKey Exchange
HONG KONG SAR - Media OutReach Newswire - 9 August 2025 - HashKey Exchange, Hong Kong's largest * licensed virtual asset trading platform, has entered into a strategic partnership with IVD Medical Holdings Limited ( a publicly listed company on the Hong Kong Stock Exchange. The two parties will collaborate to advance enterprise-level digital asset adoption and explore new models for integrating blockchain with industrial capital. IVD Medical has made a pioneering move with a HK$149 million Ethereum purchase via HashKey Exchange. With access to trading and liquidity services provided by HashKey Exchange, IVD Medical is poised to become a pioneering 'Ethereum treasury' among HK-listed companies. This partnership also marks a further step by HashKey Exchange in advancing the compliant adoption and integration of digital assets within traditional industries and Hong Kong's capital markets. Key areas of collaboration include: Block Trade Execution: Access to highly efficient and cost-effective ETH execution via HashKey OTC. Liquidity Provision: Support for large-scale transactions through HashKey Exchange's global liquidity network. Asset Optimization Initiatives: Explore yield-enhancement opportunities, including ETH staking, restaking, and DeFi yield strategies, in collaboration with HashKey Cloud, the Web3 infrastructure arm of HashKey Group. Randall Chan, VP of HashKey Exchange, commented: ' IVD Medical's forward-looking move into digital assets demonstrates how traditional industries are embracing innovation to drive growth. HashKey Exchange remains committed to the highest standards of compliance, security, and transparency, and we look forward to supporting IVD Medical in building its Ethereum treasury and exploring the tokenization of healthcare assets. Together, we aim to bridge the digital and real economies and contribute to Hong Kong's position as a global hub for financial innovation.' Gary Deng, Chief Strategy Officer of IVD Medical, added: 'We are delighted to partner with HashKey Exchange. The digital economy is the engine of future growth, and traditional industries must actively integrate to stay ahead in this new wave of technological transformation. Through this collaboration, IVD Medical aims to establish itself as a leading Ethereum Treasury player, strengthen its resilience against market volatility, and deliver long-term value to shareholders.'
Arabian Post
3 days ago
- Business
- Arabian Post
HK-listed IVD Medical Invests HK$149M in Ethereum through HashKey Exchange
HONG KONG SAR – Media OutReach Newswire – 9 August 2025 – HashKey Exchange, Hong Kong's largest * licensed virtual asset trading platform, has entered into a strategic partnership with IVD Medical Holdings Limited ( a publicly listed company on the Hong Kong Stock Exchange. The two parties will collaborate to advance enterprise-level digital asset adoption and explore new models for integrating blockchain with industrial capital. IVD Medical has made a pioneering move with a HK$149 million Ethereum purchase via HashKey Exchange. With access to trading and liquidity services provided by HashKey Exchange, IVD Medical is poised to become a pioneering 'Ethereum treasury' among HK-listed companies. This partnership also marks a further step by HashKey Exchange in advancing the compliant adoption and integration of digital assets within traditional industries and Hong Kong's capital markets. Key areas of collaboration include: ADVERTISEMENT Block Trade Execution: Access to highly efficient and cost-effective ETH execution via HashKey OTC. Liquidity Provision: Support for large-scale transactions through HashKey Exchange's global liquidity network. Asset Optimization Initiatives: Explore yield-enhancement opportunities, including ETH staking, restaking, and DeFi yield strategies, in collaboration with HashKey Cloud, the Web3 infrastructure arm of HashKey Group. Randall Chan, VP of HashKey Exchange, commented: 'IVD Medical's forward-looking move into digital assets demonstrates how traditional industries are embracing innovation to drive growth. HashKey Exchange remains committed to the highest standards of compliance, security, and transparency, and we look forward to supporting IVD Medical in building its Ethereum treasury and exploring the tokenization of healthcare assets. Together, we aim to bridge the digital and real economies and contribute to Hong Kong's position as a global hub for financial innovation.' Gary Deng, Chief Strategy Officer of IVD Medical, added: 'We are delighted to partner with HashKey Exchange. The digital economy is the engine of future growth, and traditional industries must actively integrate to stay ahead in this new wave of technological transformation. Through this collaboration, IVD Medical aims to establish itself as a leading Ethereum Treasury player, strengthen its resilience against market volatility, and deliver long-term value to shareholders.' Hashtag: #IVDMedical #HashKeyExchange The issuer is solely responsible for the content of this announcement. About HashKey Exchange HashKey Exchange is setting a new benchmark for virtual asset trading platforms with its commitment to regulatory compliance, fund security, and platform safety. Operated by Hash Blockchain Limited, it is one of the first licensed retail virtual asset exchanges in Hong Kong. The platform is fully regulated by the Securities and Futures Commission (SFC), holding Type 1 (Dealing in Securities) and Type 7 (Providing Automated Trading Services) licenses under the Securities and Futures Ordinance, as well as a virtual asset trading platform license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. As the flagship business of HashKey Group, HashKey Exchange offers a one-stop trading platform for both professional and retail investors. The exchange is certified under ISO 27001 (Information Security Management) and ISO 27701 (Privacy Information Management), ensuring the highest standards of operational and data security. In strict compliance with applicable regulations, HashKey Exchange does not provide services to users in Mainland China, the United States, and certain other jurisdictions. * As of August 8, 2025, HashKey Exchange ranks 17th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.
