According to Mars Finance, BeInCrypto reported that a Chinese fintech company is in preliminary negotiations with the Venom Foundation in Abu Dhabi to introduce the Venom Blockchain for cross-border settlement, green finance, and other scenarios; the transaction structure and timeline have not been disclosed. Additionally, TheStreet interprets the negotiations as a signal that China is exploring high-performance blockchain infrastructure under a specific compliance framework, potentially focusing on "acquisition/adoption of technology solutions" rather than equity mergers and acquisitions, with details to be confirmed by subsequent official disclosures.
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Chinese fintech companies are in contact with Venom regarding blockchain integration.
According to Mars Finance, BeInCrypto reported that a Chinese fintech company is in preliminary negotiations with the Venom Foundation in Abu Dhabi to introduce the Venom Blockchain for cross-border settlement, green finance, and other scenarios; the transaction structure and timeline have not been disclosed. Additionally, TheStreet interprets the negotiations as a signal that China is exploring high-performance blockchain infrastructure under a specific compliance framework, potentially focusing on "acquisition/adoption of technology solutions" rather than equity mergers and acquisitions, with details to be confirmed by subsequent official disclosures.