Future FinTech Group, a U.S.-based fintech company, last week announced the setting up of a wholly-owned subsidiary, Chain Future Digital FinTech Ltd.

Based in Beijing, China Future Digital FinTech was formed on July 10, 2018. It will serve as the main vehicle for Future FinTech Group’s blockchain incubator/accelerator "Chain World Cyberspace", providing business incubation and acceleration services for blockchain companies.

"The basic services package of 'Chain World Cyberspace' will include shared working space in central business districts, public relations and media consulting services, and access to a global network of blockchain incubators/accelerators to be established by Chain Future Digital FinTech (Beijing) Ltd. In addition, we are planning a series of value-added services including Blockchain Infrastructure Support, Blockchain Technology Training, financial advisory services, and assistance on Digital Asset Marketing," Yongke Xue, CEO and Chairman of Future FinTech, said

Xue said that four projects have already joined the first phase of the 'Chain World Cyberspace' incubator/accelerator in Beijing.

“We are expecting the formation of Chain Future Digital FinTech (Beijing) can accelerate the incubating pace for the blockchain companies in our ecosystem, and also bring additional revenues for the Company,” he added.