Huobi founder Li Lin is rolling his private trading operation into a Hong Kong-listed wealth company where he's already the largest shareholder. The move effectively pulls part of his off-market trading book into a public vehicle, giving listed-company shareholders exposure to what had been a family-office business. Another step in Li's post-Huobi consolidation of regulated, Hong Kong-domiciled financial vehicles alongside Avenir Capital and his $1B ETH treasury play.

TLDR by @Benthic

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