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Seeking Alpha 2021-06-28 19:37:15

Future FinTech forms new subsidiary in Dubai to accelerate digital finance

Future FinTech forms new subsidiary in Dubai to accelerate digital finance

da-kuk/E+ via Getty Images The integrated blockchain e-commerce platform, Future FinTech Group, (([[FTFT]] +1.9%)) registers FTFT Capital Investments as a new subsidiary to operate digital currency trading services and crypto asset management in Dubai, an emerging international financial center. Previously, (March 18) Future FinTech formed a joint venture in Dubai through a Strategic Cooperation Agreement with major shareholders of Shenzhen SOSOB Technology. The parties expect FTFT Capital to acquire 100% ownership of Shenzhen from its current shareholders. Shenzhen is a digital currency market information and data service platform and its SoBitX platform currently has 1.2M+ registered members worldwide, the company said. Shanchun Huang, CEO of FTFT, says, "utilizing the expertise, technology and user base of Shenzhen SOSOB technology, the leading firm in the digital currency trading service sector, our goal is to become one of the world's most active and influential digital currency and crypto asset trading and management services

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