Future FinTech Announces the Formation of a Wholly Owned Subsidiary in Beijing to Develop Its Blockchain Incubation Business

Future FinTech Group (NASDAQ:FTFT) has announced it has formed a wholly-owned subsidiary called Chain Future Digital FinTech that will act as Future FinTech’s blockchain incubator/accelerator “Chain World Cyberspace.”

As quoted in the press release:

“We are delighted to make this strategic move and choose Beijing as the location of our Chain World Cyberspace. As the political, economic and cultural center of China, Beijing has one of the best startup ecosystems in Asia which has been attracting many blockchain companies. In the first month of our operation, we already have four projects joined in the first phase of the ‘Chain World Cyberspace’ incubator/accelerator in Beijing” said Mr. Yongke Xue, Chief Executive Officer and Chairman of Future FinTech.

“The basic services package of ‘Chain World Cyberspace’ will include shared working space in central business districts, public relations and media consulting services, and access to a global network of blockchain incubators/accelerators to be established by Chain Future Digital FinTech (Beijing) Ltd. In addition, we are planning a series of value-added services including Blockchain Infrastructure Support, Blockchain Technology Training, financial advisory services, and assistance on Digital Asset Marketing,” said Mr. Yongke Xue, Chief Executive Officer and Chairman of Future FinTech, “we are expecting the formation of Chain Future Digital FinTech (Beijing) can accelerate the incubating pace for the blockchain companies in our ecosystem, and also bring additional revenues for the Company.”

Click here to read the full press release.