Tide Capital Receives Investment from GoFintech Innovation, a Hong Kong-listed Securities Firm, to Develop Compliant Digital Asset Financial Ecosystem

In
May
2024,
Tide
Capital’s
hedge
fund
secured
investment
from
a
subsidiary
of
GoFintech
Innovation
Limited
(00290.HK),
a
Hong
Kong-listed
full-licensed
financial
corporation.
GoFintech
Innovation
operates
diverse
financial
services
in
Hong
Kong
through
its
subsidiaries,
including
Fortune
(HK)
Securities,
Fortune
Financial
Capital,
Fortune
Asset
Management,
Fortune
Wealth
Management
and
Fortune
Finance,
holding
licenses
from
the
Securities
and
Futures
Commission
of
Hong
Kong
for
types
1,
4,
6,
9,
as
well
as
insurance
brokerage
and
money
lending
licenses,
actively
venturing
into
virtual
and
digital
asset
domains.
This
investment
aims
to
fully
leverage
Tide
Capital’s
professional
expertise
to
strategically
establish
a
compliant
digital
asset
financial
ecosystem.

Founded
by
seasoned
investor
Jasper
Wu,
Tide
Capital
is
a
research-driven
digital
asset
investment
and
trading
company.
Its
team
members
hail
from
prestigious
institutions
such
as
the
University
of
Pennsylvania,
the
Chinese
University
of
Hong
Kong,
Peking
University,
Shanghai
University
of
Finance
and
Economics,
boasting
extensive
experience
in
investment
and
trading.
Regarding
this
investment,
founder
Jasper
Wu
stated, “Hong
Kong’s
recent
approval
of
Bitcoin
and
Ethereum
spot
ETFs
signifies
the
formal
entry
of
digital
assets
into
mainstream
financial
markets,
marking
a
revolutionary
shift
in
the
financial
landscape
and
potentially
attracting
billions
of
dollars
in
incremental
funds.
GoFintech
Innovation
Group,
anchored
in
the
Hong
Kong
financial
market,
strategically
invests
in
the
fintech
industry,
continually
accumulating
and
actively
positioning
itself
in
compliant
digital
asset
domains.
With
this
investment,
Tide
Capital
will
collaborate
closely
with
GoFintech
Innovation
Group,
actively
expanding
compliant
digital
asset
investment
and
trading
to
achieve
market-competitive
returns.”

Jasper
Wu
noted
that
with
the
necessary
regulatory
approvals,
GoFintech
Innovation
Group
strategically
invested
in
Tide
Capital’s
funds,
leveraging
Tide
Capital’s
expertise
in
digital
asset
investment
and
trading,
to
jointly
layout
a
compliant
digital
asset
financial
ecosystem.
This
not
only
aligns
with
the
strategic
goal
of
providing
more
diversified
services
to
investors
but
also
facilitates
mutual
efforts
to
drive
the
development
of
the
digital
asset
industry
in
the
Hong
Kong
region.