HSC Digital has signed a strategic memorandum of understanding with Hong Kong-listed Virtual Mind Holding Company Limited (1520.HK), setting out a framework to explore compliant digital asset infrastructure. The areas named in the announcement include cross-border settlement, gold-backed stablecoins, and real-world asset (RWA) tokenization. The signing took place on stage at the HSC Asset Management Hong Kong Conference.
Under the MOU, the two sides plan to explore a strategic partnership in which Virtual Mind Holding may make an initial investment in HSC Digital, subject to satisfactory due diligence, agreement on terms, and a separate definitive investment agreement. VMH would also retain priority rights to participate in any future equity financing rounds by HSC Digital.
Partnership ties capital markets access to licensing strategy
The announced structure combines VMH’s public-market platform and capital access with HSC Digital’s regulatory licensing focus and cross-border capabilities across the China–Middle East and North Africa corridor. The companies said they will examine opportunities in the United Arab Emirates and other markets, with compliant infrastructure at the center of the plan.
HSC Digital said it is pursuing a multi-jurisdiction regulatory strategy and is seeking licenses in the UAE, the broader GCC region, Hong Kong, and other jurisdictions globally. The company’s business focus is built around three lines: payment infrastructure for institutional cross-border flows, gold-backed digital assets issued against institutionally custodied physical gold, and on-chain tokenization of assets such as gold, commodities, trade receivables, and structured products, together with compliant custody and settlement.
Executives outline the scope of the deal
HSC Digital founder Vadim Krekotin said the company is building an infrastructure layer linking traditional gold markets with digital asset rails. He described the MOU with VMH as a source of institutional backing, public-market standing, and a cooperation framework to support licensing applications and business expansion plans.
VMH executive chairman Weiyi Mei, also known as William Mei, said the company is pursuing strategic expansion into digital asset infrastructure and gold-related financial services. He added that, after due diligence and a final agreement, VMH expects to make an initial investment of around 10% and work with the HSC Digital team to explore opportunities in the UAE and the wider Middle East and North Africa region.
Company profiles in the announcement
According to the release, HSC Digital is headquartered in Dubai and focuses on compliant infrastructure for cross-border settlement, issuance of gold-backed stablecoins, custody, and RWA tokenization. Its activities span the GCC, Hong Kong, and other jurisdictions. The company was founded by Vadim Krekotin, managing partner of HSC Asset Group.
VMH, listed on the Hong Kong Stock Exchange under 1520.HK, was established in 2001 and rebranded in March 2022. The company operates across financial services and has been expanding into AI, Web3, and new consumer technology verticals.