HK Stock Market Move | DL Holdings GP (01709) rose more than 6% during trading hours and entered into a strategic partnership agreement with Antalpha to jointly promote business in the digital asset field.

DL HOLDINGS GP (01709) rose more than 6% during trading, and as of the time of writing, it was up 4.44% at HK$3.28, with a trading volume of HK$103 million. On the news front, DL HOLDINGS GP announced that on October 16, 2025, the company entered into a non-binding strategic cooperation agreement with Antalpha Platform Holding Company (Antalpha). Both parties recognized the combined institutional capabilities of Antalpha in the digital asset field and the deep experience of the group in traditional financial professions and regulatory foundations. This partnership aims to jointly develop innovative financial solutions and unleash significant market potential in the digital asset ecosystem. Therefore, the company and Antalpha will establish a comprehensive strategic cooperation framework to leverage their respective competitive advantages and jointly promote business growth and market expansion in the digital asset field. Pending further negotiations and agreement between the company and Antalpha, and subject to all applicable laws and regulations, the company and Antalpha have agreed to establish a strategic cooperation framework focusing on multiple core areas to fully leverage their strengths in traditional finance, blockchain technology, and digital assets. The main contents of this strategic cooperation framework include: 1. Bitcoin mining strategic alliance: The strategic cooperation aims to support the group in achieving its strategic goal of becoming a leading Asia-listed enterprise with Bitcoin mining power. 2. Tether Gold (XAU) ecosystem development: The parties will collaborate to strengthen and expand the global ecosystem of Tether Gold (XAU), aiming to create a comprehensive infrastructure connecting the traditional precious metals market with innovative digital asset solutions. To support the strategic cooperation between the group and Antalpha, on October 16, 2025, through its wholly-owned subsidiary DL HODL Limited, the company entered into a purchase agreement with a subsidiary of Antalpha to purchase approximately $5 million worth of XAU.