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Metalpha Technology Holding Limited to Expand Presence in Digital Asset Wealth Management

Metalpha Technology Holding Limited

Metalpha is focused on serving institutional investors and high net worth individuals, while emphasizing its commitment to transparency and regulatory compliance

Photo of the CEO

CEO, Adrian Wang

CEO, Adrian Wang

HONG KONG, Jan. 17, 2023 (GLOBE NEWSWIRE) — Dragon Victory International Limited (NASDAQ: LYL) announces that it has officially changed its name to Metalpha Technology Holding Limited (NASDAQ: MATH) (the “Company”). The Company also completed its restructuring with Antalpha Technologies Limited (“Antalpha”).

After the reorganization, Metalpha Limited (“Metpha”) will become a wholly owned subsidiary of the Company. Founded in 2021, Metalpha is a leading digital asset wealth management company headquartered in Hong Kong. The firm works with its clients to create bespoke instruments that enable sophisticated investors to establish or liquidate investment positions or undertake hedging strategies.

This reorganization demonstrates the high level of confidence that the Company’s management team has in Metalpha’s ability to increase its presence and develop a competitive advantage in the current market conditions. The reorganization aims to pave the way for new opportunities for Metalpha to become a global leader in digital asset wealth management. Metalpha employs finance talent with deep experience in derivatives and structured products, many of whom have previously worked at industry-leading banks such as Goldman Sachs, Morgan Stanley and UBS.

“The crypto industry continues to have room for growth, despite its challenges this year. We are looking very closely at how to build a stronger and healthier global market for digital assets, which we are doing with our partners, such as Antalpha, and many others,” said Founder and CHEY Adrian Wang.

Metalpha aims to provide clients with industry-leading product design and trading capabilities and is committed to providing the best structured derivatives products to cryptocurrency market participants. The company does not offer services in mainland China and pursues the highest level of compliance standards in all jurisdictions where it operates.

Going forward, the company will actively work with regulators on various compliance measures and plans to invest in supporting public education on blockchain technology and hiring more staff at its Hong Kong headquarters.

About Metalpha Limited

Founded in 2021, Metalpha Limited is a global digital asset wealth management company headquartered in Hong Kong. The company hires top talent from Wall Street banks and provides crypto derivatives to institutions including exchanges, miners, funds, family offices, and more. Backed by Metalpha Technology Holding Limited (NASDAQ: MATH) and Antalpha Technologies Limited, the company is one of Asia’s largest derivatives traders.

Forward-looking statements

Certain statements contained in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties, including the spread of the COVID-19 virus or new variants of it, or the occurrence of another wave of cases and the impact it may have. on the Company’s operations and demand for the Company’s services, and are based on current expectations and projections regarding future events and financial trends that the Company believes could affect its financial condition, results of operations, its business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “has intention to”, “plans”, “believes”, “potential”, “continues”, “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will prove to be correct, and the Company cautions investors that actual results may differ materially from anticipated results and encourages investors to discuss other factors that could affect its future results in the Company’s registration statement and other filings with the United States Securities and Exchange Commission.

VScontact

Sissy Wang
[email protected]

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