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>>Li Lin’s trading division is focusing on a Hong Kong wealth management firm as part of a new crypto initiative

Li Lin’s trading division is focusing on a Hong Kong wealth management firm as part of a new crypto initiative

crypthub

about 5 hours ago

Li Lin's Strategic Shift

Li Lin is moving part of his private trading business to Hong Kong‑listed Bitfire for $1.6 million. The deal shifts Avenir Group’s team and systems to Bitfire, deepening its bitcoin‑wealth focus. This follows his 2022 sale of Huobi and his turn to Avenir, now Asia’s biggest spot bitcoin ETF holder.

Bitfire's Bitcoin Product Strategy

Bitfire will launch a regulated bitcoin asset product, Alpha BTC, using derivatives and BlackRock’s iShares Bitcoin Trust. CEO Livio Weng aims to manage over 10,000 BTC (~$760 million) within a year. At least 40 Hong Kong listed firms already own bitcoin, offering a built‑in client base.

Hong Kong Links and Market Context

Li stays tied to the public market as chairman of Sinohope Technology in its 2025 report. His role highlights Hong Kong’s push to be a regulated digital‑asset hub, opposite mainland’s ban. Connecting his family office to a listed platform signals a shift toward compliant crypto wealth management.