US stock market anomaly | Futu Holdings (FUTU.US) rose more than 5% and reached a strategic cooperation on Web3.0 with Huaxia Fund Hong Kong.

Caijing APP learned that on Wednesday, Futu Holdings (FUTU.US) rose more than 5% to $173.29. On the news front, on July 22, Futu Group announced a long-term strategic cooperation with Huaxia Fund (Hong Kong) to promote the deep integration of traditional finance and blockchain technology. Futu will launch a series of tokenized currency funds of Huaxia Fund on its Futu Bull App as the exclusive technology broker, covering Hong Kong dollars, Chinese yuan, and US dollars. Through the Futu licensed virtual asset trading platform (VATP), Futu will provide investors and cryptocurrency holders with compliant, flexible interest-bearing investment solutions 24/7. In the future, the two parties will also explore "on-chain" and "off-chain" dual-track subscription and redemption mechanisms, as well as around-the-clock on-chain trading.