Chinese fintech companies are in contact with Venom for blockchain integration

ChainCatcher news, according to BeInCrypto, a Chinese fintech company is in preliminary talks with Abu Dhabi's Venom Foundation to introduce the Venom blockchain for scenarios such as cross-border settlement and green finance; the transaction structure and timeline have not been disclosed.

According to TheStreet, the related negotiations are interpreted as a signal that China is exploring high-performance blockchain infrastructure under a specific compliance framework, possibly focusing on "acquiring/adopting technological solutions" rather than equity mergers and acquisitions, with details to be confirmed by subsequent official disclosures.