FinTech Blockchain Division Update | Future FinTech
- Future FinTech Group Inc.(FTFT) is sharpening its focus on emerging technologies with an updated strategy for its blockchain business division.
- The company's existing blockchain operations will be managed within the division,alongside the execution of its growth plan.
- To lead this initiative, FTFT appointed Kai Xu as president of the blockchain division.
Future FinTech Group Inc. (FTFT) is strategically updating its blockchain division, setting the stage for innovation in Web3, AI, and high-performance computing applications. This pivotal move, announced today, signifies a strong commitment to capitalizing on the escalating demand for blockchain-related services. Kai Xu, now President, and Weifang Peng, as Vice President, will spearhead the division’s expansion, leveraging their expertise to drive growth. The division, originally established in December 2021, will now concentrate on these cutting-edge technologies, promising a significant evolution in the digital asset space. News directory 3 is following this development. This strategic shift will allow Future FinTech to further its diverse operations beyond asset management and cross-border payments. Discover what’s next for Future FinTech’s advancements in the digital frontier.
Future FinTech Revamps Blockchain Division for Web3,AI
Updated May 28,2025
Future FinTech Group Inc.(FTFT) is sharpening its focus on emerging technologies with an updated strategy for its blockchain business division. Established in December 2021, the division will now prioritize the development of Web3 technology, artificial intelligence, and high-performance computing applications.
The company’s existing blockchain operations will be managed within the division,alongside the execution of its growth plan. Future FinTech aims to capitalize on the growing demand for blockchain-related services and technologies.
To lead this initiative, FTFT appointed Kai Xu as president of the blockchain division. Xu, previously the company’s COO until February 2020 and VP of the blockchain division, will oversee operations and guide the company’s expansion into Web3. Weifang Peng has been named vice president, focusing on blockchain computing power and Web3 business development. Peng previously managed FTFT’s global mining investment business from 2021 to 2022.
Future FinTech’s diverse operations include asset management, brokerage, and investment banking in Hong Kong. The company also operates a cross-border payment business in the United Kingdom and engages in supply chain trading and finance in China. Additionally, FTFT has established digital asset mining farms in the United States.
What’s next
Future FinTech’s revamped blockchain division is poised to explore new opportunities in the rapidly evolving landscape of Web3, artificial intelligence, and high-performance computing, potentially expanding its global footprint in the digital asset space.