PANews reported on August 19 that according to official news, digital asset trading platform BiFinance announced the completion of a US$10 million Series A financing round with a valuation of over US$100 million. Sunfund Fortuna Global Opportunities led the investment, and Eternal Asia Group, SDM Education and TigerBCDAO participated in the investment. The new funds will be used to further connect traditional financial assets such as stocks and bonds with the Web3 ecosystem and provide asset-backed tokens (RWA/STO) to enterprises.

According to reports, BiFinance is an institutional-level digital asset trading platform whose businesses include digital currency trading, digital derivatives trading, Launchpad and DeFi asset management.

Earlier on August 16, it was reported that SDM Education Group, a Hong Kong-listed company, signed a Series A strategic investment agreement with BiFinance.