This approval represents a significant step in Mercurity Fintech’s strategic growth across digital and traditional finance.

New York, Nov. 22, 2024 — Mercurity Fintech Holding Inc. (Nasdaq: MFH), a digital fintech group, announced that its wholly owned subsidiary, Chaince Securities Inc., has received Financial Industry Regulatory Authority (FINRA) approval for the ownership transfer of J.V. Delaney & Associates (JVDA), a fully licensed broker-dealer founded in 1982. This approval, granted under FINRA Rule 1017, allows Chaince Securities to proceed with its acquisition of 100% ownership of JVDA.

This acquisition aligns with Mercurity Fintech’s strategy of integrating innovative digital finance with traditional financial services. The approval is solely for the ownership change and is subject to operational and regulatory conditions, including the submission of the Membership Agreement to FINRA by December 13, 2024.

Chaince Securities and JVDA will continue their existing approved operations, including brokerage of corporate equity securities, underwriting, U.S. government securities brokerage, and private placements. Municipal securities brokerage and mutual fund retailing, previously approved activities, have been removed from JVDA’s Membership Agreement. Future operational adjustments will require FINRA approval to ensure compliance. Mercurity Fintech remains committed to transparency, compliance, and operational integrity.

Shi Qiu, Chief Executive Officer of Mercurity Fintech Holding Inc., stated, “This advances our mission to evolve digital finance while seamlessly integrating traditional services. This acquisition underscores our commitment to compliance and operational excellence. Combining JVDA’s platform with Chaince Securities’ solutions will create a secure and forward-thinking financial ecosystem for a global clientele, bridging traditional and digital finance.”

About Mercurity Fintech Holding Inc.
Mercurity Fintech Holding Inc. is a digital fintech company with subsidiaries specializing in distributed computing and digital consultation across North America and the Asia-Pacific region. We focus on innovative financial solutions while maintaining compliance, professionalism, and operational efficiency. Our goal is to advance digital finance by providing secure and innovative financial services. Our commitment to compliance and operational excellence ensures we remain a trusted partner in the evolving financial landscape.

About Chaince Securities, Inc.
Chaince Securities Inc. is a wholly owned subsidiary of Mercurity Fintech Holdings, Inc., serving the companies’ clients in traditional finance and brokerage. Founded in 2023, Chaince entered a Purchase Agreement on May 1, 2023, for a fully licensed broker-dealer established in 1982, intending to use it to expand its global brokerage services and clientele. 

Forward-Looking Statements
This announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts are forward-looking statements. These statements involve known and unknown risks and uncertainties based on current expectations and projections about future events and financial trends. Investors can identify these statements by words like “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. The Company is not obligated to update forward-looking statements, except as required by law. While the Company believes these statements are reasonable, actual results may differ materially.

For more information, please contact:
International Elite Capital Inc.
Vicky Chueng
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