On September 12, Avenir Crypto officially announced the launch of the cryptocurrency outsourcing investment business "Avenir Crypto Excellence Partner Program" at the quantitative summit with the theme of "Future Boundless", and will invest US$500 million to support outstanding quantitative trading teams in the market.
The conference held in Hong Kong invited hundreds of top leaders from the political, business and academic circles to share their views on current financial innovations and trading strategies. Guests including Jason LAN, CEO of Avenir Crypto, Dr. Rocky TUNG, Director and Head of Policy Research of the Financial Services Development Council of Hong Kong, Hong Hao, Chief Economist of GROW Investment Group, and Jimmy Y. JIN, Associate Professor and Assistant Dean of the School of Business of the Hong Kong Polytechnic University, attended and delivered keynote speeches, focusing on financial innovation and quantitative trading strategies, and exploring how to promote breakthroughs and progress in the market through innovative technologies.
Avenir Crypto CEO Jason LAN Launches the Avenir Crypto Excellence Partner Program
The core keywords of Avenir Crypto's Excellence Partner Program are "financial innovation" and "technology empowerment", which are also the strategic focus of Avenir Crypto. Practitioners in the trading field know that quantitative trading is one of the most professional directions, which requires the support of core technologies such as strategy design, data analysis, mathematical models, and algorithms, which are exactly where Avenir Crypto's expertise lies. Avenir Crypto has rich experience in data-driven investment and trading, and is particularly focused on the research and development of diversified quantitative trading strategies including CTA strategies, directional and non-directional strategies. Under the general trend of technology empowering finance, Avenir Crypto has long applied its self-developed large model technology to trading to help capture market dynamics and improve investment forecasting capabilities. In addition, Avenir Crypto also has a self-developed risk control system, which is an indispensable key guarantee in the trading process. Through the combination of large model technology and risk control system, Avenir Crypto fully demonstrates how "financial innovation" and "technology empowerment" can help traders increase their profits while effectively controlling risks.
Avenir Crypto is affiliated with Avenir Group, a cutting-edge institutional family office and investment management group dedicated to investment and technological financial innovation in emerging technology fields. It was founded by Mr. Li Lin in 2023 and is committed to building an innovative, diverse and robust investment platform and ecosystem. By integrating financial technology, Avenir Group hopes to empower the industry by providing more precise investment strategies and better risk management capabilities. According to the 13-F institutional holdings report submitted to the U.S. Securities and Exchange Commission (SEC) on August 2 this year, Avenir Group's cumulative investment in Bitcoin exchange-traded funds (ETFs) reached approximately US$384 million, making it the largest shareholder of the two major mainstream Bitcoin ETFs, FBTC and IBIT, in Asia, fully demonstrating its deep investment in emerging technologies, as well as its professional capabilities and strong layout in the field of crypto assets.
It is reported that the $500 million will be divided into two models: U-standard and coin-standard. The U-standard is 200,000,000 USDT, and the coin-standard is 3,000 BTC and 50,000 ETH. There are also three options for capital cooperation, including 100% investment, flat-level joint investment, and manager inferiority. At the same time, there will be 3 options for profit-sharing models, including 0-1% management fee and tiered dividends, flat-level allocation and tiered dividends, manager inferiority, tiered dividends or fixed lending rates. Interested excellent quantitative teams please contact partners@avenir.hk directly.
Hong Hao and other experts explain current market issues and Avenir Crypto's innovation
The first agenda was an opening speech by Jason LAN, CEO of Avenir Crypto, who said that the common goal of this summit is to explore the innovation and future of the crypto market. As the core strength of the Avenir Group, Avenir Crypto focuses on the research and development of comprehensive crypto trading strategies. With its deep insights and outstanding performance in the field of crypto assets, it leads the cutting-edge development of crypto asset management with technology and data-driven trading strategies.
Given that the current market's existing trading scenarios are not rich enough and lack diversified trading products, it is unable to fully meet user needs. Through technology-driven and data-driven quantitative trading strategies, Avenir Crypto hopes to maintain its leading position in the field of trading technology, help users more easily obtain profit opportunities, thereby promoting the gradual integration of cryptocurrencies into the mainstream financial system, exploring in-depth cooperation and innovation with traditional financial institutions, and helping the industry to reach new heights.
The key word in Jason LAN's speech was "innovation" of Avenir. The reason why financial innovation is needed is that the current financial field and even the entire world are in a situation of crisis. The next speaker, Hong Hao, chief economist of GROW Investment Group, shared his profound insights on this.
Deflation expectations are growing, and risks in global financial markets are of the same origin
Hong Hao is not only the chief economist of GROW Investment Group, but also a director of the China Chief Economist Forum and a tutor for master's students in finance at Renmin University of China. Previously, he worked as the head of the research department of Bocom International and the chief global strategist of CICC, and worked in the London, New York and Sydney offices of international financial institutions such as Citigroup and Morgan Stanley, and has rich international financial experience.
Hong Hao made an in-depth forecast of the global economy and financial markets in his speech, with the theme of "Global Macroeconomics and Market Outlook". He first started with the US Treasury yields and pointed out the potential risks facing the current market. He believes that the normalization of the US Treasury yield curve needs to be highly vigilant, especially in the context of the continued high US fiscal deficit. At the same time, he mentioned that the People's Bank of China has begun to expand its balance sheet, while the implementation of fiscal policy is relatively lagging, suggesting that the current deflationary expectations are strengthening and policy response seems imminent.
"Inflation pressure is rising, systemic risks are rising, and we don't have a good weapon to hedge such risks for the time being. In such an environment, we need to look for areas with relatively low correlation with traditional finance. I believe that cryptocurrency, as an emerging asset, will shine in the new cycle," said Hong Hao at the summit.
Hong Hao further analyzed the asset price correction of liquidity-sensitive sectors, emphasizing that capital flows are the key factor in determining the trend of RMB assets. He pointed out that in the current global economic environment, China's industrial profits have become more closely related to US monetary conditions since 2016, which shows that the economic ties between China and the United States are still close and there is no obvious "decoupling". In addition, he also mentioned that China's macro inventory changes show that the RMB has an appreciation trend in the short term, and the Chinese economy is undergoing a difficult recovery process.
When looking ahead to the global market, Hong Hao specifically mentioned the performance of the US stock market. He pointed out that the current relative returns of the US stock market are far ahead, but as the US dollar gradually returns to the mean, this advantage may soon fade. At the same time, he criticized the Federal Reserve's monetary policy, believing that its actions were lagging behind. In particular, the missed opportunity to cut interest rates has further exacerbated systemic risks worldwide, and this risk has a high degree of homology and may be transmitted between different markets.
As Hong Hao emphasized in his speech, the global financial market faces a series of systemic risks and uncertainties, especially the problems of lagging monetary policy and the common source of global risks. In fact, cryptocurrencies are also facing the problems of traditional finance, as Avenir Crypto CIO Bing ZHANG said in his speech, "In the past, the macroeconomics had little impact on the cryptocurrency world, but now the crypto world and the macroeconomics are more closely connected and mainstream. For example, Nasdaq currently has an 80% to 90% impact on Bitcoin transactions." This requires Avenir Crypto's forward-looking financial innovation, striving to find a breakthrough in such an environment. Through technology and data-driven quantitative trading strategies, Avenir Crypto not only provides investors with more diversified trading tools, but also actively explores how to better integrate crypto assets into the mainstream financial system, thereby reducing the impact of systemic risks. This innovative spirit is responding to the crises and opportunities in the global financial landscape described by Hong Hao. With its outstanding strategic layout and technological advantages, Avenir Crypto is committed to leading changes in challenges and injecting new vitality into the stability and sustainable development of the future financial market.
Hong Kong’s virtual asset investment policy system is constantly improving
After recognizing the dangers and opportunities in the current financial market, Avenir Crypto, as a leader in virtual asset trading in Hong Kong, also realized that in order to achieve financial innovation, it is inseparable from the interpretation and grasp of the current policy level.
Next, Mr. Rocky TUNG, Director and Head of Policy Research of the Financial Services Development Council of Hong Kong, delivered a speech entitled "The Development of Hong Kong's Web3 Ecosystem and Fintech". Rocky mainly leads the economic and public policy research functions of private and public sector institutions. He has more than ten years of experience in regulatory and policy research, macroeconomic and strategic research, and other management functions, covering topics such as regulatory development, green and sustainable finance, Fintech, governance, assets, wealth management, and economic prospects. He also works closely with senior government officials, regulators, law enforcement agencies, corporate executives, standard setters and scholars in the Asia-Pacific market, and has established strong relationships and trust.
In his speech, Rocky TUNG shared the integration and advantages of traditional finance (TradFi) and decentralized finance (DeFi), as well as the main policies and development progress in promoting Hong Kong to become a digital asset hub.
Rocky believes that the digital economy and the Web3 economy are directly matched between traders, and now we are gradually seeing more and more perfect regulatory supervision. Rocky mentioned that in June 2023, Hong Kong launched a licensing system for virtual asset service providers. In November 2023, the Securities and Futures Commission issued a notice on tokenized securities and investment products. In July 2024, the Treasury Bureau and the Hong Kong Monetary Authority proposed legislative proposals for the implementation of a regulatory system for issuers of fiat stablecoins in Hong Kong. Hong Kong is currently building a set of robust virtual asset investment systems, and is also constantly improving the regulatory system.
In order to support the development of the Web3 ecosystem, the government set up a Third Generation Internet Development Task Force in July 2023 to make recommendations on how Hong Kong can sustainably and responsibly develop the third generation Internet. At the same time, it also supports the development of local emerging industries and attracts international Web3 companies to set up businesses in Hong Kong, providing advanced facilities, comprehensive support and measures for Web3 companies newly settled in Cyberport.
The policy advantages he mentioned are exactly the advantages and opportunities of Avenir Crypto itself. For example, Bing ZHANG mentioned, "The cryptocurrency market has many compliance challenges, unclear divisions, and unclear regulatory frameworks. But Avenir Crypto has long-term goals and determination for sustainable financial innovation, so it has focused on regulation from the beginning, embraced regulation, and promoted compliance development. The long-term prosperity of the crypto investment business depends on a healthy, compliant, and innovative ecological environment." Avenir Crypto can make full use of Hong Kong's compliance advantages and regard it as a favorable condition for promoting its own financial innovation. By making full use of Hong Kong's sound regulatory framework and strong policy support, Avenir Crypto is able to more steadily advance the development and application of its quantitative trading strategies, thereby leading the cutting-edge innovation of the crypto market. Under such a policy background, Avenir Crypto can not only better serve users, but also explore deep integration with the traditional financial system to achieve sustainable industry growth and financial innovation.
The resilience of stablecoins
Finally, Jimmy Y. JIN, associate professor and assistant dean of the School of Business at the Hong Kong Polytechnic University, gave a keynote speech on the evolving role of stablecoins in current crypto transactions, starting from the collapse of Silicon Valley Bank. Professor JIN is also the director of the Hong Kong Polytechnic University's Business Technology and Innovation Center, co-director of the Center for Economic Sustainability and Entrepreneurial Finance, and deputy director of the Doctor of Management (Hong Kong) program. His research interests mainly involve the application of financial technology, artificial intelligence and blockchain in the financial field, technology management, and digital transformation.
Professor JIN's speech was titled "Silicon Valley Bank Exodus: The Evolution of the Role of Stablecoins in Centralized Exchanges (CEX) and Decentralized Exchanges (DEX)", which deeply analyzed the market changes and role changes of stablecoins derived from the Silicon Valley Bank crisis. Stablecoins can be divided into fiat-collateralized, commodity-collateralized, crypto-asset-collateralized, algorithmic, and hybrid types, and each type faces different challenges, such as regulatory review, asset volatility, and algorithmic design risks.
By using the bankruptcy case of Silicon Valley Bank to analyze the performance and response of stablecoins under market pressure, Professor JIN analyzed the behavior of DAI, USDC, and USDT during market turmoil, and their resilience to market fluctuations. In addition, it also analyzed how information is transmitted between different stablecoins and how this affects market behavior and pricing. Professor JIN emphasized the role of stablecoins in financial stability, as well as their challenges and opportunities during market turmoil.
Professor JIN's sharing echoed the global financial risks mentioned by Hong Hao in his speech, revealing the coexistence of fragility and opportunity in market crises. Avenir Crypto deeply understands that in the current complex macro environment, it is crucial to maintain a sound risk management capability. While using advanced technology for financial innovation, Avenir Crypto also actively responds to policy changes and builds a strong risk control system to ensure that its trading strategies remain stable and risk-resistant in market turmoil. This risk awareness is the cornerstone of Avenir Crypto's sustainable innovation in the face of global financial uncertainty.
Avenir Crypto: An innovative leader that breaks through market difficulties
The second agenda of the summit was a panel discussion, hosted by Bing ZHANG, CIO of Avenir Crypto, and invited four heavyweight guests, including Augustine FAN, CFO and partner of SignalPlus, which focuses on derivatives trading, Teong HNG, founder and CEO of Satori Research, John CAHILL, COO of Galaxy Digital Asia, and Zhiming YANG, co-founder of Orbit Markets. They discussed the integration of cryptocurrency and traditional transactions and the future development path, covering macroeconomics, global market status, investment strategies, crypto regulation, trading infrastructure, and more.
The guests shared their views on these topics. When talking about the integration of traditional finance and cryptocurrency, Teong HNG said, "I didn't believe in cryptocurrency before, but later I saw many top and smart bankers turning from traditional finance to cryptocurrency. I began to think that cryptocurrency was indeed different, so I was headhunted to Satori to build a trading platform." Zhiming YANG shared his views from another perspective, "Traditional finance is boring, and I see opportunities to make money in the cryptocurrency industry."
When talking about the current status and development of the encryption industry, Augustine FAN said that "Bitcoin is digital gold." And John CAHILL emphasized that "cryptocurrency will have an impact on the banking industry."
In the process of transitioning from traditional finance to cryptocurrency, the market is facing the impact of factors including the Fed's interest rate hikes, global geopolitical tensions, and artificial intelligence. With its strong risk management and capital allocation capabilities, Avenir Crypto is able to effectively respond to these macro fluctuations and ensure the robustness of its trading strategies. This ability enables it to provide investors with stable returns even when the market fluctuates violently.
During the discussion, Avenir Crypto shared the strong performance of Bitcoin and Solana, while also recognizing the plight of most altcoins that are underperforming. Despite the downturn in the primary market, Avenir Crypto is committed to providing investors with more high-quality products through advanced quantitative trading strategies and technological innovations, filling the market's demand for efficient trading tools. Avenir Crypto's goal is to help users find profitable opportunities in a complex market environment by providing more trading tools.
More importantly, Avenir Crypto brings liquidity and volatility to the market through quantitative trading, which activates the market's activity. Many altcoins lack volatility and therefore cannot attract enough trading funds. Avenir Crypto's quantitative strategy not only brings liquidity to the market, but also creates more trading opportunities for investors, driving the activity of the entire market.
In addition, Avenir Crypto is also very concerned about the construction of the current DeFi infrastructure. Although the infrastructure of decentralized finance is still imperfect, especially in terms of the security of large amounts of funds, Avenir Crypto has ensured the security and compliance of funds with its Hong Kong compliance advantages. This is especially important for institutional investors and large-scale funds. Avenir Crypto provides these investors with a safe and profitable investment environment through stable infrastructure and innovative quantitative products.
In short, Avenir Crypto has become one of the few crypto asset management companies in the market that can cope with systemic risks and bring long-term growth to investors through its excellent quantitative trading strategy, perfect risk control system and compliance operation. In the current market environment, Avenir not only solves the problems of insufficient liquidity and imperfect trading tools, but also provides investors with more high-quality trading opportunities and products.
