The Hong Kong listed company Bitfire disclosed that its profitable asset management was in excess of HK$ 2 billion and introduced a compliance encryption quantitative strategy for professional and institutional investors. This was also the first product to be published after the expansion of the firm ' s entire RWA business, covering management, trade and marketing, and hosting.
Increased by 851 per cent over the pre-transition scale
Bitfire states that, since the restructuring of the strategy at the end of August 2025, the company has added nearly 2,000 new customers, including listed companies, their executives, family offices and super-netted persons. According to the company, the number of clients was more than 100 times greater than before the reorganization.
The company disclosed that asset management currently contributes to the group ' s profits on a scale of more than HK$ 2 billion, including its management services in Japan through Bittrade. This size represents an 851 per cent increase over the pre-transition level by company calibre.
- New client close to 2000
- There's more than HK$2 billion in profitable management.
- 851% before transition
Quantitative strategy for professional and institutional clients
Bitfire states that the newly introduced quantitative strategy will connect native encrypted assets, tokenization shares and traditional alternative assets through the RWA structure. The company plans to package the proceeds of the strategy into asset management products for professional and institutional investors.
According to the company, this structure is designed to give eligible customers access to the proceeds associated with encrypted and AI assets while avoiding direct exposure to the associated market fluctuations. At the same time, the company indicated that the hosting, quantification, trading and marketing infrastructure would support the services of these three types of assets.
The company continues to bet on compliance and agency business
Bitfire management stated that the current market portion of RWA products was still inadequate in terms of compliance framework, bottom asset support and information disclosure, and was vulnerable to liquidity problems when market fluctuations increased. Companies have therefore made compliance, transparency and risk management the focus of subsequent digital asset expansion.
Bitfire also stated that its whole house model sought to cover both the distribution and the circulation of monetized assets. Of these, RWA is responsible for the end of the product, the secondary market function for the transaction and the market, and the custody of the assets for the hosting business.
The Hong Kong institutional monetization project continues
Bitfire's expansion is also taking place in the context of the accelerated landing of the Hong Kong institutional monetization project. In July of this year, HSBC completed its first issue of a dollar-denominated digital instrument for a monetized structural product for institutional investors in Hong Kong. In June, the Hong Kong Mortgage Securities Corporation completed the issuance of 12 billion HK$ in digital bonds, one of the world ' s largest monetized bonds projects at the time.
In addition, the Kraken parent company Payward stated in July that it planned to give priority to promoting the monetization of Hong Kong shares into international markets, in cooperation with the financial infrastructure provider GTN. Progress has shown that the monetization attempt in Hong Kong is extending from bonds to structural products and equity assets.
Additional information:Bitfire had previously warned that a net loss of up to six months in March 2026 could be increased to HK$ 245 million, of which about HK$ 152 million related to the decline in the value of the company ' s encrypted assets.