Bitfire Launches Compliant Crypto Quant Strategy with RWA Assets Topping HK$2 Billion
Bitfire Group has launched what it claims is Hong Kong's first compliant crypto asset quantitative strategy. This move comes as its profit-contributing assets under management have surpassed HK$2 billion, a figure that represents an 851% increase from pre-transformation levels.
The new strategy targets market-neutral opportunities across crypto and AI-related assets for professional and institutional investors. It uses real-world assets as a core part of a market-neutral approach designed to capture arbitrage opportunities across these asset classes.
Bitfire's RWA business will cover asset management, trading and market-making, and custody, with the company positioning compliance, custody, trading, and asset management as the main operating components of its new business model.