Chinese Fintech Targets Venom Blockchain in Move to Modernize Digital Finance
A leading Chinese fintech firm is reportedly in talks to integrate blockchain technology from Abu Dhabi-based Venom Foundation, according to local media.
-China Pushes Digital Finance with Blockchain
The move comes as Beijing continues to call on the financial sector to deploy new technology to support the real economy. In May 2025, the People's Bank of China and several regulators issued guidelines emphasizing the application of blockchain and artificial intelligence in financial services.
The partnership with Venom is seen as part of that strategy, helping China narrow the technology gap in areas ranging from cross-border payments to carbon credit tracking.
Venom's Strengths
Venom is a Layer-0 blockchain protocol that recently demonstrated the ability to process up to 150,000 transactions per second in stress tests. Besides speed, the attractive point for China is Venom's ability to be compatible with many global legal frameworks.
Observers say this is especially important for Chinese companies expanding internationally through the Belt and Road Initiative. Blockchain infrastructure like Venom can support the issuance of digital assets, reducing dependence on the USD-based payment corridor.
Continuing the trend of buying international technology
This is not the first time Chinese companies have sought fintech technology abroad. Previously, in June 2025, OSL - a Hong Kong-based crypto platform - saw its shares skyrocket after reaching a takeover agreement with BC Technology (Canada). Experts say the trend reflects an effort to go hand in hand with government policy by leveraging external technology to upgrade the domestic financial system.
Potential applications
If the deal with Venom is successful, the scope of application could extend beyond traditional banking. Scenarios mentioned include:
Supply chain finance: Blockchain brings transparency and anti-counterfeiting capabilities to receivables management, addressing the lack of trust between banks and SMEs.
Green finance: Providing accurate carbon emission tracking and measurement tools, supporting China's sustainable development goals.
Outlook
The negotiations are still in the early stages and neither side has made any official comments. Analysts predict a deal could be signed in late 2025 or early 2026.
Whatever the outcome, the development underscores how China’s financial system is aligning corporate strategy with national direction, while opening up to international technology cooperation to advance its position in the digital financial era.
