Future FinTech Debuts New Blockchain Division

Future FinTech (FTFT), a blockchain e-commerce company and a service provider for financial technology, has announced that it has established a new blockchain division that will manage its existing blockchain sector business which will include the further formulation and execution of its strategic growth plan.

Mr. Zhi Yan has been appointed as the president of the new division to direct the Company's blockchain business. At present, the blockchain division's primary mission will be to develop, operate and manage the Company's previously announced bitcoin mining farm plans in the United States and Paraguay, and to coordinate its announced Dubai-based digital currency trading service and crypto asset management business via its FTFT Capital Investments LLC subsidiary. 

Mr Kai Xu has been appointed as the vice president of the new division, with responsibility for optimizing the Company's blockchain computing hash power assets and developing its Metaverse related businesses, including the construction of overseas cryptocurrency mining farms, assessing mining machine investments and developing cooperation agreements with global partners that could accelerate the growth of the Company's blockchain business. 

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, said, "We are actively developing a sophisticated and cutting-edge financial services platform and are also intent upon executing a global expansion strategy for our cryptocurrency mining business. The establishment of this new division with responsibility for executing this strategy underscores our commitment to being a leading firm in this sector."