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Awaiting price reaction for this filing.
String Metaverse's wholly owned Hong Kong subsidiary, String Fintech HK Ltd (formerly Kling Fintech HK), processed over $920 million USD (approximately ₹8,000 crore) in digital asset transaction volume on the Deribit Derivatives Exchange between September 15 and October 15, 2025. The subsidiary was upgraded to VIP3 trading tier, which unlocks maximum fee rebates and priority execution access reserved for elite institutional traders. The company is targeting VIP6 status within the next six months, aiming for over $5 billion USD in monthly trading volume. The HFT (high-frequency trading) infrastructure connects to global data centers NY4, TY4, and LD4 for sub-millisecond execution. This milestone signals the group's evolution from a blockchain infrastructure company into a high-performance digital asset transaction infrastructure provider.
Positive operational update showing rapid growth in trading volumes at the subsidiary level, but no direct financial impact on the parent company's earnings, revenue, or shareholder value was disclosed. Investors should note the business carries typical crypto/digital asset market volatility and regulatory risks acknowledged in the release.