Qiao Yuang

Qiao Yuang asked about Futu's product pipeline for Crypto and Tokenization in the next one to two quarters, and the long-term value proposition of Tokenization for clients. He also inquired if management has M&A plans in the Crypto space to accelerate capability building and what specific crypto capabilities Futu aims to build in the near term.

Answer

Chief of Staff to CEO, Head of Strategy and IR Daniel Yuan stated that Futu has internal discussions and preparations for crypto and tokenization products, but a clear roadmap is difficult due to regulatory dependencies, as tokenization is a new concept. He confirmed that Futu is very open to M&A in the crypto space to accelerate progress, given its strategic importance to the business direction.

Qiao Yuang inquired about Futu's product pipeline for Crypto and Tokenization in the next one to two quarters, and the longer-term value proposition of Tokenization for clients. She also asked if management had M&A plans in the Crypto space to accelerate capability building and what specific capabilities were being sought.

Answer

Chief of Staff Daniel Yuan (translating Leaf Li) stated that while there are internal discussions and layouts for Crypto and Tokenization products, a clear roadmap is difficult to provide due to regulatory dependency. He confirmed that Futu is very open to M&A in the Crypto space, considering it a strategically important direction, and will keep options open for accelerating capability building.