NEW YORK, March 18, 2022 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its subsidiary, Future Fintech Digital Capital Management LLC, an investment management company incorporated in the State of Connecticut, has officially launched its first cryptocurrency hedge fund, FTFT Digital Number One US, LP.
The management team of Future Fintech Digital Capital Management LLC possesses aggregately over 25 years of investment management and trading experience, with roots in commodities trading from top-tier investment banks like J.P. Morgan and Goldman Sachs. The fund manager, Dr. Mark Dai, has over 15 years of experience as a Portfolio Manager specializing in energy futures and options and was previously a Senior Commodities Trader at J.P. Morgan.
Mr. Sean Liu, Chief Operating Officer of Future FinTech Group, said, “The launch of FTFT Digital Number One US, LP is our first step in expanding our business into the cryptocurrency asset management sector. We believe that cryptocurrency assets will play an increasingly important role in the global economy in the future and become an indispensable component in asset allocation. We have seen growing demand for cryptocurrency hedge funds as it offers investors diversification and potentially solid investment returns. FTFT Digital Number One US, LP has been formed under all regulatory requirements and high operational standards, and we look forward to the results of its investment strategy.”
About Future FinTech Group Inc.
Future FinTech Group Inc. is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company’s operations include a blockchain-based online shopping mall platform, Chain Cloud Mall (“CCM”), supply chain financing services and cryptocurrency market data services. The Company is also engaged in the development of blockchain based e-Commerce technology, financial services technology and cryptocurrency investment management. For more information, please visit http://www.ftft.com/.
Safe Harbor Statement
Certain of the statements made in this press release are “forward-looking statements” within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as “may,” “will,” “anticipate,” “assume,” “should,” “indicate,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “point to,” “project,” “could,” “intend,” “target” and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2020 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC’s Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
View original content to download multimedia: https://www.prnewswire.com/news-releases/future-fintech-subsidiary-launches-cryptocurrency-hedge-fund-301505811.html
SOURCE Future FinTech Group Inc.