Eason secures HK $1.5M in funding to boost blockchain IP protection development

Eason Technology (DXF) Limited announced a transaction in which Renying Capital have invested HK $1.5M in Hongkong Yiyou Digital Technology Development Limited, a wholly owned subsidiary of Eason Tech, to further the development of blockchain applied to intellectual property protection and media transmission. Renying Capital, the new investor, would own 15% of the total equity interest of Hongkong Yiyou Digital Technology, once delivery is completed. Eason’s CEO Stanley commented, “The company focuses on the research and application of blockchain technology, and the company will take the lead in the Asian market in 2025, providing security solutions based on blockchain technology to the owners of copyright and intellectual property rights such as literature, music, film and television, drama, and games,to serve the people with science and technology.”