Bitfire Group has launched what it calls Hong Kong's first compliant crypto asset quantitative strategy as part of its expanded real-world asset (RWA) business. According to a press release shared with crypto.news, the Hong Kong-listed company (stock code 01611) announced this milestone after its profit-contributing assets under management climbed above HK$2 billion. 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.
Since changing its strategy at the end of August 2025, Bitfire has added nearly 2,000 clients, including listed companies and their executives, family offices and ultra-high-net-worth individuals. As reported by crypto.news, the company put the increase at more than 100 times its client count before the restructuring. The assets under management that currently make a profitable contribution to the group, including asset management services operated by BitTrade in Japan, have increased 851% from pre-transformation levels.
The quantitative strategy targets market-neutral opportunities across crypto and AI-related assets for professional and institutional investors. According to the company's announcement, returns generated through the strategy will be packaged into asset management products for professional and institutional investors. Bitfire said the structure is designed to give eligible clients exposure to returns linked to crypto and AI assets without directly taking on their market volatility. The company plans to turn RWA issuance into financial services that can be invested in, traded, measured and allocated across portfolios.
Bitfire's RWA business will cover asset management, trading and market-making, and custody operations. As reported by crypto.news, the company described its full-stack model as an attempt to operate across both the issuance and circulation of tokenized assets. RWA asset management will form one part of the business, while trading and market-making will provide secondary-market functions and custody will support the safekeeping of assets. The company plans to provide the resulting services to institutional and professional investors through its RWA asset management, RWA trading and market-making, and RWA custody businesses.
The expansion follows several tokenization projects involving established financial institutions in Hong Kong this year. According to crypto.news, institutional activity has extended into digital bonds, with Hong Kong Mortgage Corporation pricing an HK$12 billion digital bond transaction in June, which was described as the world's largest tokenized bond issuance at the time. CEO Livio Weng emphasized that competition in Hong Kong's regulated crypto market would increasingly depend on capabilities spanning custody, trading and asset management, stating that many RWA products currently lack adequate compliance frameworks and asset backing.
