NineFang Smart Investment announces its stake in EX.IO, expanding its overseas digital asset business.

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Investment education institution Jiufang Zhituo Holdings Limited (9636.HK) announced on Tuesday that its wholly-owned subsidiary JF SmartTrade has signed a share subscription agreement with the virtual asset exchange EX.IO to take a stake in EX.IO. The company stated that this move will help leverage EX.IO's exchange resources and Web3 technology to accelerate the overseas digital asset business layout, enhance on-chain Financial Service capabilities, and promote diversification and sustainable development. The specific details of the investment were not disclosed. Previously, EX.IO's subsidiary EXIO Ltd. obtained a license from the Hong Kong virtual asset exchange platform in December last year to engage in virtual asset trading and custody services.

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