String Metaverse Limited , a company evolving from blockchain infrastructure to high-performance digital asset transaction infrastructure, has announced a significant milestone achieved by its wholly-owned subsidiary, String Fintech HK Ltd. The Hong Kong-based subsidiary has demonstrated impressive performance on the Deribit Derivatives Exchange, handling over $920 million USD (approximately ₹8,000 crore) in transaction volume between September 15 and October 15, 2025.

Key Highlights

• Transaction Volume: String Fintech HK Ltd processed over $920 million USD in trades on Deribit Derivatives Exchange.
• Trading Period: The volume was achieved between September 15 and October 15, 2025.
• Technology Leverage: The subsidiary utilized high-frequency trading (HFT) architecture and ultra-low-latency servers.

Technological Edge

String Fintech HK Ltd's success can be attributed to its advanced technological infrastructure:

• Next-generation high-frequency trading architecture
• Ultra-low-latency servers
• Connections to global data centers in NY4, TY4, and LD4
• Sub-millisecond execution capabilities
• Real-time risk management systems

Strategic Positioning

String Metaverse Limited is positioning this achievement as a testament to its evolution into a leader in high-performance digital asset transaction infrastructure. The company's Hong Kong division serves as the group's liquidity and derivatives hub, playing a crucial role in its global operations.

Performance Breakdown

Based on the communication from Deribit, String Fintech HK Ltd's performance can be further detailed:

Future Outlook

As String Metaverse continues to expand its high-performance transactional infrastructure, its consistent performance on platforms like Deribit reinforces the group's vision. The company aims to build the Internet's financial operating system, combining speed, scalability, and on-chain transparency to power the next era of global finance.

This achievement underscores String Metaverse's rapid transformation from a blockchain infrastructure company to a global leader in high-performance digital asset transaction infrastructure and programmable finance.

The company's ability to handle such significant transaction volumes efficiently demonstrates its growing capabilities in the digital asset ecosystem and positions it as a key player in the evolving landscape of global finance.

String Metaverse Limited , formerly known as Bio Green Papers Limited, has announced the sale of its entire shareholding in its subsidiary, String AI IFSC Private Limited, to US-based Axill LLC. The transaction, valued at ₹1.84 crore (approximately USD 2.09 lakh), was completed on September 11, 2025, marking a significant move in String Metaverse's corporate strategy.

Transaction Details

The sale involved 1,38,83,568 equity shares of String AI IFSC Private Limited, each with a face value of ₹1. Following this divestment, String AI IFSC has ceased to be a subsidiary of String Metaverse Limited. The buyer, Axill LLC, is a Delaware-based company located at 651 N Broad St, Suite 201, Middletown, Delaware 19709, County of New Castle, USA.

Financial Impact

For the fiscal year ending March 31, 2025, String AI IFSC contributed significantly to String Metaverse's financial position:

Regulatory Compliance

String Metaverse Limited has confirmed that this transaction does not fall under the category of related party transactions. The company has made the necessary disclosures in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Statement

M. Chowda Reddy, Company Secretary & Compliance Officer of String Metaverse Limited, stated in the regulatory filing, "Consequent to the above transaction, String AI IFSC Private Limited has ceased to be a subsidiary of the Company with effect from 11th September, 2025."

This strategic move by String Metaverse appears to be part of its ongoing efforts to streamline its operations and focus on core business areas. The impact of this divestment on the company's future financial performance and strategic direction remains to be seen.