Chaince Digital Holdings

What Chaince Digital Holdings does

Chaince Digital Holdings Inc. (Nasdaq: CD), formerly Mercurity Fintech Holding Inc. prior to its November 2025 rebrand, is a New York-headquartered digital finance and technology company operating through its wholly-owned FINRA-registered broker-dealer subsidiary Chaince Securities, LLC and its Hong Kong-based subsidiary Ucon Capital (HK) Limited. The company provides capital markets advisory, tokenization strategy, digital asset treasury structuring, and institutional brokerage services to Nasdaq-listed companies and institutional investors seeking exposure to blockchain-based solutions. Its product portfolio includes an institutional digital asset platform built on Apex Group infrastructure for tokenizing investment funds, public equities, and real-world assets, a Chaince USDC Yield Vault deployed on the Morpho decentralized lending protocol, and a real-time asset valuation and tokenization platform developed with M2M Capital.

The company generates revenue primarily through financial services and advisory fees, supplemented by digital asset services and platform-related income. FY2025 revenue was $1.87 million, a 278% year-over-year increase from $494,025 in 2024, against a net loss of $5.1 million. The go-to-market model combines enterprise field sales through Chaince Securities with conference-based investor outreach (LD Micro Invitational, European Blockchain Convention) and strategic advisory engagements. In parallel, the company has aggressively expanded capital deployment, securing a $200 million equity line of credit from Solana Ventures for a Solana-based digital asset treasury strategy and entering a strategic cooperation framework with ZJK Industrial for a U.S.-based precision components gigafactory targeting AI and semiconductor customers, with planned investment of up to $200 million through a Delaware-based joint venture. The company has raised approximately $35 million across multiple smaller private placements since December 2024 to fund these initiatives and discontinued its Filecoin mining operations in December 2025 to refocus on the advisory and platform business.

Name

Chaince Digital Holdings

Legal name

Chaince Digital Holdings Inc.

Website

https://mercurityfintech.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Chaince Digital Holdings (Nasdaq: CD) is a New York-based digital finance company that provides capital markets advisory, tokenization, and digital asset treasury services to institutional clients and Nasdaq-listed companies through its FINRA-registered broker-dealer subsidiary Chaince Securities, LLC.

Ownership category

akta.pro rank

Product category

Institutional Digital Asset & Tokenization Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Other Financial Investment Activities (5239), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)

akta.pro secondary industries

Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management) (FSAPAEAJ), Treasury Management & Corporate Crypto Yield Programs (FSADAHAL), Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG), Prime Financing & Credit Intermediation (Institutional) (FSADAJAH)

Keywords

• Digital asset treasury
• Tokenization services
• Capital markets advisory
• Blockchain infrastructure
• AI hardware manufacturing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Financial services and advisory: Revenue from financial services and advisory businesses including capital markets advisory, tokenization strategy consulting, and strategic advisory services provided through Chaince Securities, LLC (FINRA-registered broker-dealer) and Ucon Capital (HK) Limited
2. Digital asset services: Revenue from digital asset tokenization services, platform fees, and related technology services for institutional clients
3. AI hardware and infrastructure investments: Investment returns and operational revenue from AI hardware intelligent manufacturing and liquid cooling solutions expansion, supported by private placement financing

Go-to-market motion3 records

Distribution channels2 records

Marketing channels4 records

Core offering

Chaince Digital Holdings operates as a publicly traded fintech and digital asset infrastructure group that delivers institutional-grade tokenization, digital asset treasury strategy, and capital markets advisory services through its FINRA-registered broker-dealer subsidiary Chaince Securities, LLC and Hong Kong-based Ucon Capital (HK) Limited. Beyond financial services, the company is expanding into AI hardware intelligent manufacturing and liquid cooling solutions for AI infrastructure, supported by a $200 million equity line of credit from Solana Ventures and a planned U.S.-based gigafactory joint venture with ZJK Industrial.

Product overview

Chaince Digital Holdings Inc. (formerly Mercurity Fintech Holding Inc., rebranded November 2025, Nasdaq: CD) is a digital finance and technology company operating through subsidiaries Chaince Securities, LLC (FINRA-registered broker-dealer) and Ucon Capital (HK) Limited. The company offers a unified portfolio spanning an institutional-grade tokenized investment platform with infrastructure from Apex Group, USDC yield vaults via Morpho, real-time asset valuation and tokenization tools, AI hardware manufacturing with liquid cooling solutions, and Solana-based digital asset treasury strategies. The portfolio is anchored by regulated brokerage services and complemented by capital markets strategic advisory offerings, all unified under a digital asset infrastructure strategy targeting both financial services and industrial technology markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Institutional Digital Asset Platform

Quantifiable outcome

• 278% year-over-year revenue growth from $494,025 in 2024 to $1.87 million in 2025
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature3 records

Partnerships

Five partnerships are on record, tiered core, minor and flagship.

• Apex Group Ltd.coreTechnology or Integration · 25 March 2026Appointed to deliver digital asset servicing, tokenization technology, and operational infrastructure for Chaince Digital's institutional-grade digital asset platform. Apex Group provides fund administration, regulatory reporting, and tokenization solutions covering investment funds, public equities, and real-world assets. Partnership positions Chaince to capture opportunities as tokenized capital markets develop.
• ZJK Industrial Co., Ltd.coreStrategic or Co-development Partner · 24 November 2025Strategic cooperation framework agreement to jointly build a precision components R&D and manufacturing Gigafactory in the United States. Planned investment of up to $200 million through a Delaware-based joint venture serving AI, semiconductor, electronics, automotive and advanced technology industries. Chaince Securities LLC serves as ZJK's capital markets strategic advisor for five years. Facility will produce thermal management solutions for AI supercomputers and precision components for AI hardware.
• M2M CapitalminorStrategic or Co-development Partner · 11 November 2025Strategic collaboration to develop an integrated platform for real-time asset valuation, tokenization, and secondary market liquidity in private markets. Collaboration aims to address issues of price transparency, illiquidity, and inefficient valuation processes. Pilot projects expected to begin soon.
• SKK Holdings LimitedflagshipImplementation/ SI/ Consulting Partner · 29 October 2025Nasdaq-listed civil engineering company based in Singapore appointed Chaince Securities LLC as strategic advisor to develop tokenization and digital asset treasury strategy. Collaboration aims to modernize SKK's balance sheet, improve liquidity management, and explore asset tokenization to accelerate growth and enhance investor engagement.
• Trident Digital Tech Holdings Ltd.minorChannel Partner/ Reseller/ Distributor · 16 September 2025Chaince Securities LLC acted as Exclusive Placement Agent for Trident's $2.6 million PIPE financing to support expansion and development of DRC pass in Democratic Republic of Congo. Funds support digital identity and financial inclusion initiatives using Tridentity technology across Africa.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Hut 8 / American Bitcoin: Public digital asset treasury and infrastructure operator pursuing crypto treasury accumulation alongside HPC/AI hosting; comparable to Chaince's combined Solana DAT strategy and AI infrastructure positioning.
• Ondo Finance: Issuer of tokenized US Treasuries and on-chain yield products for institutional and DeFi users; directly comparable to Chaince's USDC yield vault and Solana-based digital asset treasury strategy.
• Bakkt Holdings: Public institutional digital asset infrastructure provider offering brokerage, custody, and trading services; comparable to Chaince Securities' regulated digital asset brokerage and advisory capabilities.
• Maple Finance: Institutional DeFi credit and on-chain lending protocol with curator-led vaults; closely comparable to Chaince's Morpho-based USDC yield vault curated by AlphaPing GmbH.
• Figure Technology Solutions: Public blockchain-enabled lending and RWA tokenization platform serving institutional and capital markets use cases—comparable in bridging regulated capital markets with on-chain asset workflows.
• Core Scientific: Public digital asset and AI infrastructure operator combining hosting/HPC capacity with crypto exposure; comparable to Chaince's pivot into AI infrastructure and AI hardware manufacturing via the ZJK gigafactory JV.
• Securitize: Institutional tokenization platform for funds, equities, and real-world assets with fund administration and regulatory reporting, mirroring Chaince's partnership-led institutional tokenization model with Apex Group.
• Galaxy Digital Holdings: Publicly listed institutional digital asset platform offering trading, asset management, advisory, and tokenization services to institutions—directly comparable to Chaince Securities' broker-dealer and tokenization advisory stack.
• tZERO Group: Tokenized securities trading, ATS, and capital markets infrastructure platform; comparable to Chaince's FINRA-registered broker-dealer approach to security token issuance and secondary trading.

Broad incumbents

• WisdomTree: Established asset manager with a tokenized funds platform (e.g., WisdomTree Prime, tokenized money market funds); broader incumbent offering comparable digital asset and tokenization products at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mercurityfin
• Facebookfacebook.com/mercurityfintechholding
• LinkedInlinkedin.com/company/chaince-digital-holdings-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds9 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chaince Digital Holdings