Hong Kong-listed Yingzheng International (formerly Lazy Pig Technology) has announced a strategic expansion into the Web3 and blockchain sector, aiming to launch a compliant digital asset exchange and provide infrastructure services.
According to a filing with the Hong Kong Stock Exchange, the company which trades under the ticker 8379 (Prime Intelligence Solutions Group) plans to leverage its background in biometric identification and security software to build a comprehensive blockchain ecosystem.
Strategic Entry into Blockchain
Yingzheng International’s roadmap outlines three key pillars:
- Exchange Infrastructure: Developing a proprietary, compliant digital asset trading platform offering trading, clearing, and custody services.
- Wallet Technology: Researching and developing public chain wallet solutions.
- B2B Development Services: Providing end-to-end software development for other blockchain exchange operators and Web3 projects.
“The Group intends to utilize its existing software technology development experience to provide full-chain professional software development services… and is preparing to launch its own trading platform,” the company stated in its filing.
While the project is currently in the early planning stages with no fixed launch date, the announcement signals a significant departure from the company’s traditional focus on biometrics. The firm, with a market capitalization of approximately HK$123 million, sees this as a long-term growth driver in the digital finance space.
Source:https://coinfomania.com/hong-kong-listed-yingzheng-international-moves-into-web3-blockchain-sector/