METALPHA TO EXPAND IN DIGITAL ASSET WEALTH MANAGEMENT

KUALA LUMPUR, Jan 17 (Bernama) -- Dragon Victory International Limited has announced officially changing its name to Metalpha Technology Holding Limited (the Company). The Company has also successfully completed restructuring with Antalpha Technologies Limited (Antalpha).

Upon completion of the reorganisation, Metalpha Limited (Metalpha) will become a wholly-owned subsidiary of the Company. Established in 2021, Metalpha is a leading digital assets wealth management company headquartered in Hong Kong.

The company works with clients to create tailor-made instruments that enable sophisticated investors to establish or liquidate investment positions or undertake hedging strategies.

This reorganisation demonstrates a high level of confidence that the Company’s management team has in Metalpha's ability to increase its presence and develop a competitive advantage under the current market conditions and is intended to pave the way for new opportunities for Metalpha to become a global leader in digital asset wealth management.

Metalpha employs finance talents with deep experience in derivatives and structured products, many of whom formerly worked at industry-leading banks such as Goldman Sachs, Morgan Stanley and UBS.

“The crypto industry continues to have room for growth, despite its challenges this year. We are looking very closely at how to build a stronger and healthier global market for digital assets, which we are doing together with our partners, such as Antalpha, and many others,” said founder and chief executive officer, Adrian Wang in a statement.

Metalpha aims to provide customers with high-quality product design and trading capabilities in the industry and is committed to delivering the best structured derivative products to cryptocurrency market participants. The company does not offer services to Mainland China and pursues the highest level of compliance standards in every jurisdiction it operates in.

Looking ahead, the Company will actively work with regulators on various compliance measures and plans to invest in supporting public education in blockchain technology and hiring more personnel at its headquarters in Hong Kong.

-- BERNAMA