Share this article
Chinese Investor Buys Stake in Delaware Blockchain Exchange
A Chinese-based cloud company, headed by a high-profile media mogul, has moved to purchase a Delaware blockchain-based stock exchange.
By Wolfie Zhao
Updated Sep 13, 2021, 7:18 a.m. Published Dec 27, 2017, 4:15 p.m.
A Chinese-based cloud company, headed by a high-profile media mogul, has moved to acquire an ownership stake in a Delaware-based alternative trading system provider specializing in blockchain.
According to the SEC filing, Seven Starts Cloud Groups (SSC), publicly listed on NASDAQ, made a transaction on Dec. 20 to acquire 27 percent of the shares of the Delaware Board of Trade (DBOT), making SSC the largest shareholder in the company. DBOT launched in May 2017 to provide a blockchain-based crowdfunding platform compliant with new legislation in the state seeking to boost the use case.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
For Seven Starts, the deal notably comes two months after Bruno Wu toke over the role of CEO at the company. What draws attention, however, is perhaps the high-profile status of Wu himself. He has gained large public attention in China through his media business the Sun Seven Star Entertainment, as well as his marriage with the Chinese TV personality Yang Lan.
According to the announcement, DBOT's technology will be used to power the SSC's blockchain-based NextGen X platform. It is said to be a solution that brings liquidity to trading ETF-backed digital assets for countries including the US, UK, Germany, China, Korea, Africa, Singapore, UAE and Japan.
Yet this is another instance of Chinese investors exploring opportunities overseas to tap into the business related to cryptocurrency and blockchain amidst a regulatory uncertainty domestically.
In September this year, Chinese regulators issued a ban on initial coin offerings, which was followed by all domestic exchanges shutting down trading between cryptocurrencies and fiat currencies.
As reported previously, once the largest exchanges in China, Huobi and OKCoin both shifted the business model to over-the-counter for crypto-to-crypto trading. While the operations are based in overseas markets such as in Hong Kong, trading is still available for Chinese retail investors using mobile payment or bankwire services.
Delaware image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Every Major Bitcoin Conference Has Seen Prices Fall in 2025, Will Abu Dhabi Be Different?
Bitcoin enters the Abu Dhabi conference near $92K after a year of sell-the-news dips at major events, raising questions about another potential pullback.
What to know:
- Bitcoin enters the MENA 2025 conference around $92K, with traders watching for another event-linked correction.
- All four major bitcoin conferences this year — Las Vegas, Prague, Hong Kong and Amsterdam — coincided with short-term price drops.
- The bitcoin conference in Abu Dhabi arrives this week with bitcoin over $92,000, raising the possibility of another sell the news move.
Top Stories
