BroadChain News, on-site at the HSC Asset Management Summit in Hong Kong on April 23, HSC Digital officially signed a strategic cooperation Memorandum of Understanding (MOU) with Hong Kong-listed company Virtual Mind Holding (VMH, stock code: 1520.HK), marking the beginning of deep cooperation between the two parties in the compliant digital asset infrastructure field.
The MOU was jointly signed on the main stage of the summit by HSC Digital founder Vadim Krekotin and Virtual Mind Holding Executive Chairman William Mei, with the presence of numerous institutional investors, industry leaders, and digital asset practitioners.
Cooperation Framework: Virtual Mind Holding (VMH) plans to make an equity investment in HSC Digital and obtain priority rights
According to the MOU, Virtual Mind Holding intends to make an initial investment of approximately 10% in HSC Digital after completing due diligence and reaching a final agreement. Additionally, VMH has obtained priority rights to participate in all future equity financing rounds of HSC Digital.
This cooperation combines VMH's public market capital capabilities with HSC Digital's expertise in regulatory licenses and China-Middle East cross-border channels, focusing on three main directions:
1. Cross-border settlement: Providing licensed payment infrastructure for multi-polar financial corridors (China and Hong Kong, Gulf region, Middle East and North Africa, Africa, and Latin America);
2. Gold-backed stablecoin: Issuing stablecoins backed by institutionally custodied physical gold;
3. Real World Asset (RWA) tokenization: On-chain tokenization of gold, commodities, trade receivables, and structured products.
HSC Digital founder Vadim Krekotin stated: "We are building the underlying infrastructure that connects traditional gold markets with digital asset rails for the new multi-polar financial system. This MOU with VMH not only brings institutional-level support and public market influence but will also accelerate our license acquisition in key jurisdictions. We believe this cooperation will become a key component of cross-border financial infrastructure over the next decade."
Virtual Mind Holding Executive Chairman William Mei stated: "VMH is committed to a strategic expansion into digital asset infrastructure and gold-related financial services. This MOU—which contemplates an initial investment of approximately 10% after completing due diligence and final agreement—is an important step in our diversification strategy. We look forward to working closely with the HSC Digital team to explore opportunities in the UAE and the broader Middle East and North Africa region."
About HSC Digital
HSC Digital is a digital asset infrastructure company headquartered in Dubai, UAE. The company builds licensed infrastructure in cross-border settlement, gold-backed stablecoin issuance and custody, and Real World Asset tokenization for the emerging multi-polar financial landscape. HSC Digital operates in the GCC region, Hong Kong, and other jurisdictions, pursuing a multi-jurisdictional regulatory license strategy designed to meet institutional compliance requirements.
HSC Digital was founded by Vadim Krekotin, Managing Partner of HSC Asset Group, who has over 10 years of experience in investment, digital assets, and China-global cross-border business.
About Virtual Mind Holding (VMH)
VMH (stock code: 1520.HK) is a Hong Kong-listed holding company established in 2001 and renamed in March 2022. The company's business covers financial services and is actively expanding into artificial intelligence, Web3, and new consumer technology. VMH has announced multiple strategic partnerships, including collaborations with the Saudi Arabian Ministry of Industry and Mineral Resources, a La Liga China fan engagement platform, and cultural tourism projects. The company is led by Executive Chairman William Mei.