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Strategic Milestone Strengthens Company's Position in Investment Banking and Securities Markets
New York, March 21, 2025 (GLOBE NEWSWIRE) -- Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group, today announced its wholly owned subsidiary, Chaince Securities, LLC ("Chaince Securities") (formerly known as JV Delaney & Associates) has successfully received approval for its Continuing Membership Application ("CMA") from the Financial Industry Regulatory Authority ("FINRA").
This milestone approval, coming after an intensive regulatory review, marks a turning point in Chaince Securities' evolution. It strengthens the firm's position as a trusted broker-dealer that puts integrity and exceptional client service at the heart of every transaction and relationship.
"This approval is a major step forward for our growth strategy," said Shi Qiu, CEO of Mercurity Fintech Holding Inc. "We've invested considerable resources in developing compliance frameworks and assembling an exceptional team of industry veterans."
Wilfred Daye, CEO of Chaince Securities, added, “We are very excited about this achievement. Leveraging my previous experience across the financial sector and innovative fintech space, as CEO of Chaince, I am committed to shaping the future of finance at a moment when innovation and tradition are creating powerful new synergies.”
Specifically, the FINRA approval enhances Chaince Securities' operational capabilities and ability to offer a comprehensive suite of financial services, including:
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Corporate equity securities brokerage
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Underwriting and best-effort offerings
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U.S. government securities brokerage
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Private placements of securities
Looking ahead, Chaince Securities plans to leverage this approval to provide strategic capital-raising solutions to micro and small-cap companies across diverse industries to further expand its market presence and client service capabilities.
About Mercurity Fintech Holding Inc.
Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and financial brokerage business. In addition to our fintech operations, we are actively contributing to the evolution of AI hardware technology by providing secure, cutting-edge solutions in intelligent manufacturing and advanced liquid cooling systems. Our dedication to compliance, innovation, and operational excellence ensures that we remain a trusted partner in both the rapidly transforming digital financial landscape and the dynamic AI technology sector. For more information, please visit the Company’s website at https://mercurityfintech.com.