Yiren Digital and ChainUp Forge Agreement to Create Blockchain Infrastructure Platform
Yiren Digital signed a Memorandum of Understanding with ChainUp to co-develop a global blockchain infrastructure platform to support institutional-grade crypto investment products and related financial services. Yiren Digital began building up its Web3 assets in the first quarter of 2025 by investing directly in Ethereum, laying the groundwork for future blockchain-based product development. In June, the Company established a digital asset task force in Hong Kong to explore regulated opportunities within the city's fast-developing digital finance ecosystem. Yiren Digital plans to launch an initial functional release of the new crypto finance system by the end of October. This early release will be accessible to selected users to experience the staking of their Ethereum and provide valuable performance and compliance feedback. Building on this foundation, the Company expects to deliver the full version 1.0 in the first half of 2026, introducing complete product features, expanded asset coverage, and integrated connectivity with its existing fintech ecosystem.
