Chaince Digital raises $16.2M in registered direct offering

Chaince Digital Holdings Inc. (Nasdaq: CD) announced it has entered into securities purchase agreements with certain investors for the purchase and sale of 30,560,000 ordinary shares in a registered direct offering, with aggregate gross proceeds of approximately $16.2 million, before deducting offering expenses.

The company said proceeds include purchases made in USDC. The closing of the offering is expected to occur on or about August 11, 2026, subject to customary closing conditions.

According to a press release, the company intends to use net proceeds for working capital and general corporate purposes. Stated uses include expanding digital asset management and on-chain treasury operations, advancing real-world asset tokenization infrastructure, and scaling the underwriting, advisory, and brokerage operations of Chaince Securities, LLC, its FINRA-registered broker-dealer subsidiary.

Chief Executive Officer Shi Qiu said, "We believe institutional demand for regulated, on-chain financial products is developing faster than the infrastructure available to serve it, and that this is the right moment to build ahead of that demand rather than react to it."

The securities are being offered pursuant to the company's shelf registration statement on Form F-3 (File No. 333-287428), initially filed with the SEC on May 20, 2025, and declared effective on June 27, 2025.

Chaince Digital, formerly known as Mercurity Fintech Holding Inc., describes itself as a digital finance and technology company focused on tokenization, on-chain innovation, and regulated brokerage services.

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