Chinese media reports that one of the nation’s leading fintech companies is negotiating the acquisition of technology solutions from the Abu Dhabi-based Venom Foundation.
According to sources familiar with the issue, the goal is to integrate Venom’s blockchain infrastructure into China’s expanding digital finance system.
The news is as Beijing continues to emphasize modernizing financial services. In May, the People’s Bank of China and other regulators issued “Guidelines for Financial Support for New Industrialization,” urging financial institutions to deploy technologies such as blockchain and artificial intelligence to provide services more effectively in the real economy.
Venom (Venom), a Layer-0 blockchain protocol, has recently gained attention after testing its stress-test upgrade architecture, demonstrating its ability to process around 150,000 transactions per second. For Chinese institutions, this could be valuable in areas ranging from cross-border settlements to carbon credit tracing.
Those close to the discussion pointed out that Venom’s ability to span multiple regulatory frameworks is one of the most powerful selling points. For Chinese companies pursuing international expansion under the Belt and Road Initiative, access to such infrastructures will help reduce their reliance on dollar-based settlement corridors while providing tools to issue regulated digital assets.
This is not the first time a Chinese company has been searching for digital finance expertise overseas. In June 2025, Hong Kong-based crypto platform OSL saw a surge in stock after it announced its acquisition agreement with Canada’s FinTech BC Technology. Analysts at the time described the move as part of a broader trend in Chinese companies securing foreign technologies to meet domestic policy goals.
If Venom transactions are made, implementation may be extended beyond traditional banks. Insiders mention areas such as supply chain finance. Blockchain helps to address years of mistrust between banks and small businesses by ensuring transparent, tamper-proof data on accounts receivables. As authorities want verifiable tools to measure carbon emissions and environmental performance, another possible application is green finance.
The negotiations are still in the early stages and there are no official comments from either side. Market observers suggest that trades could close between late 2025 and early 2026. For now, the talks highlight how China’s financial sector aligns its corporate strategy with state policy by turning its eyes to external partners for technical expertise.
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