DL HOLDINGS GP signed a non-binding term sheet with Fulong Consulting to enter the high-growth stablecoin market

According to the Zhitong Finance APP, DL HOLDINGS GP (01709) announced that on July 18, 2025, the company signed a non-binding term sheet with Fulong Consulting Limited (Fulong, a Hong Kong technology company). The group will engage in strategic cooperation and share exchange with Fulong. As part of this strategic initiative, the company will invest in Fulong through a share exchange at a cost of HKD 60 million, marking an important step into the high-growth stablecoin market. This investment will enable the group to leverage Fulong's extensive network and expertise in digital asset solutions, further consolidating its position in the evolving financial landscape. Fulong will apply for a stablecoin license in Hong Kong and, upon obtaining the license, will jointly promote stablecoin applications and business cooperation with the company. Both parties will collaborate on business opportunities. Fulong will utilize its merchant and user ecosystem, in conjunction with the company and its affiliates (including DL Securities (Hong Kong) Limited and the "Synaptic Technology" platform), to achieve product support and investor relations promotion. The announcement stated that this investment will allow the group to leverage Fulong's extensive network and expertise in digital asset solutions, further consolidating its position in the evolving financial landscape. Investing in Fulong enables the company to directly enter the rapidly growing stablecoin sector, which is projected to exceed USD 2 trillion by 2028. This collaboration is expected to allow the group to access and utilize industry-leading stablecoin infrastructure, enabling the group to implement stablecoin solutions in its own business and affiliated platforms. Through this collaboration, the company anticipates that integrating stablecoin technology into its financial services and product portfolio will enhance operational efficiency, capture new revenue opportunities, and strengthen competitiveness. This strategic cooperation is also expected to further leverage Fulong's compliance infrastructure and merchant ecosystem to drive business expansion, positioning the company at the forefront of the next generation of financial services. This strategic investment will also allow the company to organically combine its efforts in developing real-world assets (RWA) business with stablecoin scenarios, further enhancing the company's industry position in the RWA business field and laying the groundwork for the company's subsequent issuance of RWAs