Xinhuo Technology Holdings Co., Ltd. (referred to as "Xinhuo Technology", stock code: 1611.HK) announced that it has officially reached a strategic cooperation with Merlin Chain, a Bitcoin native L2 solution.
The two parties will carry out multi-faceted cooperation in the Bitcoin ecosystem. The BTC L2 co-management solution launched by SINOHOPE provides multi-party joint custody for first-level assets such as BTC and brc20 and BTC second-level native assets through WaaS access; Merlin Chain will bridge multiple native Bitcoin assets on the first level to the second level, and further enhance the level of fund security through Xinhuo Technology's BTC L2 co-management solution.
The two parties will also cooperate closely in marketing, customer service, liquidity support, infrastructure docking and other aspects.