Hong Kong-listed company Yingzheng International enters Web3, plans to launch a compliant exchange in the short term

Yingzheng International, a listed company on the Hong Kong Stock Exchange, officially announces its entry into the Web3 space. According to the HKEX announcement, this traditional software technology company plans to strategically venture into the blockchain field, not only providing software development services for exchange projects but also building a compliant digital asset trading platform independently. This signifies that traditional listed companies are officially beginning to deploy in the crypto asset track, which is still relatively rare among Hong Kong-listed firms.

Yingzheng International’s Three-Layer Business Layout

According to the announcement, Yingzheng International’s Web3 strategy includes three key directions:

• Providing full-chain software development services for blockchain exchange projects, extending from its existing technical expertise
• Preparing to operate its own trading platform, launching a compliant digital asset exchange, which is its core business
• Developing wallets and public chain technology to offer comprehensive services such as trading, clearing, and custody

This layout progresses from light to heavy, from service provider to platform operator, reflecting Yingzheng International’s serious attitude toward the Web3 track. The repeated emphasis on “compliance” indicates that the company is proceeding cautiously into this field.

Why Yingzheng International

It is uncommon for Hong Kong-listed companies to enter the crypto space, but Yingzheng International has its unique advantages. As a listed company with software development experience, it possesses:

• The compliance gene and regulatory experience of a listed company, which are crucial for building a compliant exchange
• A mature software technology team and development capabilities
• Relatively sufficient financial support
• Trust and recognition brought by its Hong Kong stock background

These factors combined make Yingzheng International more capable than many pure blockchain startups of establishing a compliant exchange.

Market Significance

Behind this move, several trends are reflected:

Traditional enterprises are officially entering Web3

More and more listed companies are no longer watching from the sidelines but are directly participating. This indicates that Web3 has moved from the fringe to the mainstream, becoming a strategic choice for large enterprises.

Compliance becomes a competitive advantage

Yingzheng International specifically emphasizes “compliance,” reflecting that under stricter regulatory environments, compliance has become the core competitiveness of exchanges. Without compliance, even the best technology cannot sustain operations.

New opportunities for Hong Kong-listed companies

Hong Kong-listed companies face valuation pressures, and entering high-growth Web3 fields could become a new growth point. The entry of such companies may also promote a more friendly policy environment for crypto assets in Hong Kong.

Future Focus

Yingzheng International plans to launch an exchange “in the short term,” with a quite tight schedule. Key points to watch include:

• Specific launch date and platform name
• Initial cryptocurrencies offered and operational strategies
• Attitudes of regulatory authorities and approval progress
• Whether it will set an example for other Hong Kong-listed companies

Summary

This move by Yingzheng International is highly significant. It not only marks a strategic shift for a listed company but also signals the formal entry of traditional financial forces into Web3. Compared to many exchanges lacking a compliance background, a compliant exchange launched by a Hong Kong-listed company could become a preferred choice for users. Of course, from announcement to actual launch, many details remain to be finalized. The subsequent development of this story warrants ongoing attention.