Bitfire launches compliant crypto quant strategy as RWA assets top HK$2B

Bitfire Group has expanded its real-world asset business and launched what it calls Hong Kong’s first compliant crypto asset quantitative strategy after its profit-contributing assets under management climbed above HK$2 billion. Summary Bitfire has launched a compliant crypto quantitative strategy as it expands its full-stack RWA business. Profit-contributing assets under management have exceeded HK$2 billion, up 851% from pre-transformation levels. The strategy targets market-neutral opportunities across crypto and AI-related assets for professional and institutional investors. Bitfire’s RWA business will cover asset management, trading and market-making, and custody. According to a press release shared with crypto.news, Bitfire Group said that the new strategy will use real-world assets as a core part of a market-neutral approach designed to capture arbitrage opportunities across crypto and artificial intelligence-related assets. The Hong Kong-listed company, which trades under stock code 01611, said returns generated through the strategy would be packaged into asset management products for professional and institutional investors. Bitfire said the structure is designed to give e...