Gate News message, April 22 — Bitfire, a Hong Kong-listed wealth management company, is acquiring a trading team and trading systems from Avenir Group, the family office founded by Li Lin, according to Bloomberg. Bitfire CEO Livio Weng confirmed the acquisition aims to expand the company’s private banking client base. Li Lin holds a 30% stake in Bitfire and has committed approximately $500 million in initial investment following the team integration.
Bitfire launched its private banking services in August 2025 and has since onboarded approximately 300 new clients, including family offices, publicly listed companies, and high-net-worth individuals. The company plans to expand its trading strategies for Ethereum and stablecoins later this year.
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