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Chaince Digital Holdings Inc.

Chaince Digital Holdings Inc. is a finance services company, listed on Nasdaq (CD).1 It is headquartered in New York, New York.1

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Last updated Oct 21, 2026.

Overview

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  • TickerCD on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersNew York, New York1
  • Business address1330 Avenue Of The Americas, Fl 33,, New York, Ny 100192
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Company to gain operational experience in digital asset mining without significant capital investment.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

64.3%Gross margin4
-202.0%Operating margin4
-273.0%Net margin4
277.9%Revenue growth, 20254
-11.6%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue36¢$666.4K
  • Research and development8¢$147.3K
  • Other costs52¢$971.1K
  • Income tax4¢$82.2K

Out of $1.9M in revenue.4 The company lost money this year.

Financial statements

Revenue56784$1.9M in 2025+7% since 2019
0$500.0K$1.0M$1.5M$2.0M2019: $1.7M$1.7M20192020: $1.4M$1.4M2020−19%2021: $670.2K$670.2K2021−52%2022: $863.4K$863.4K2022+29%2023: $445.9K$445.9K2023−48%2024: $494.0K$494.0K2024+11%2025: $1.9M$1.9M2025+278%
Gross profit564$1.2M in 2025−19% since 2019
-$1.0M-$500.0K0$500.0K$1.0M$1.5M2019: $1.5M$1.5M20192020: $1.3M$1.3M2020−11%2021: -$32.5K-$32.5K20212022: -$517.2K-$517.2K2022+1491%2024: $234.4K$234.4K20242025: $1.2M$1.2M2025+412%
Operating income56784-$3.8M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M2019: $740.4K$740.4K20192020: -$668.8K-$668.8K20202021: -$13.3M-$13.3M2021+1890%2022: -$5.9M-$5.9M2022−56%2023: -$8.5M-$8.5M2023+44%2024: -$2.0M-$2.0M2024−76%2025: -$3.8M-$3.8M2025+89%
Net income56784-$5.1M in 2025+316% since 2019
-$30.0M-$20.0M-$10.0M02019: -$1.2M-$1.2M20192020: -$1.7M-$1.7M2020+35%2021: -$21.7M-$21.7M2021+1212%2022: -$5.6M-$5.6M2022−74%2023: -$9.4M-$9.4M2023+66%2024: -$4.5M-$4.5M2024−52%2025: -$5.1M-$5.1M2025+12%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total revenue$1.9M$494.0K
Total cost of revenue-$666.4K-$259.6K
Gross profit$1.2M$234.4K
Sales and marketing-$159.8K-$100.4K
General and administrative-$4.2M-$2.1M
Research and development-$147.3K
Provision for doubtful accounts-$46.8K-$11.5K
Loss on market price of stablecoins and digital assets-$458.3K-$36.7K
Total operating expenses-$5.0M-$2.2M
Operating loss from continuing operations-$3.8M-$2.0M
Interest income/(expenses), net$477.2K$204.1K
Other income/(expenses), net$1.3M-$32.8K
(Loss)/gain from market price of short-term investment-$88.8K$212.4K
(Loss)/gain from selling short-term investments-$2.2K$35.8K
Loss on share-based payment liabilities-$360.6K
Gain from deregistration of subsidiaries$97.1K
Loss before provision for income taxes-$2.4M-$1.6M
Income tax benefits/(expenses)$82.2K-$337.0K
Discontinued operations-$2.8M-$2.6M
Net loss attributable to holders of ordinary shares of Chaince Digital Holdings Inc.-$5.1M-$4.5M
Net loss attributable to holders of ordinary shares of Chaince Digital Holdings Inc.-$5.1M-$4.5M
Continuing operations-$2.3M-$1.9M
Weighted average shares used in calculating basic net loss per ordinary share66.0M shares60.9M shares
Weighted average shares used in calculating diluted net loss per ordinary share66.0M shares60.9M shares
Basic-$0.08-$0.07
Diluted-$0.08-$0.07
Basic-$0-$0
Diluted-$0-$0
Basic-$0-$0
Diluted-$0-$0
Net loss-$5.1M-$4.5M
Change in cumulative foreign currency translation adjustment-$512$16.7K
Change in deregistration of subsidiaries-$113.9K
Comprehensive loss-$5.2M-$4.5M

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Corporate structure

Chaince Digital Holdings Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Chaince Digital Holdings Inc.

  • Hailei Zhang Filed SC 13G/A on Chaince Digital Holdings Inc., latest Aug 15, 2024 (2 filings since May 24, 2023)
  • Hanqi Li Filed SC 13D/A on Chaince Digital Holdings Inc., latest Aug 15, 2024 (3 filings since Apr 24, 2023)
  • Hong Mei Zhou Filed SC 13D/A on Chaince Digital Holdings Inc., latest Aug 15, 2024 (2 filings since May 24, 2023)
  • Xin Rong Gan Filed SC 13D/A on Chaince Digital Holdings Inc., latest Aug 15, 2024 (2 filings since May 24, 2023)
  • Apollo Multi-Asset Growth Fund Filed SC 13D on Chaince Digital Holdings Inc., latest Jan 5, 2024
  • Hexin Global Ltd Filed SC 13G on Chaince Digital Holdings Inc., latest Apr 24, 2023
  • Huangtong International Co., Ltd. Filed SC 13G on Chaince Digital Holdings Inc., latest Apr 24, 2023
  • Xiaojian Xu Filed SC 13G/A on Chaince Digital Holdings Inc., latest Nov 14, 2022 (2 filings since Jan 21, 2022)
  • Jianming Jing Filed SC 13D on Chaince Digital Holdings Inc., latest Jan 21, 2022
  • Viner Total Investments Fund Filed SC 13G on Chaince Digital Holdings Inc., latest Dec 6, 2021
  • Chaince Digital Holdings Inc. New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Chaince Digital Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$13.6K4 Dec 31, 2025$13.6K4 Dec 31, 20240%
Accumulated depreciation$6.6K4 Dec 31, 2025$4.0K4 Dec 31, 2024+64.1%
Property and equipment, net$7.0K4 Dec 31, 2025$9.6K4 Dec 31, 2024−27.0%
Operating-lease assets (leased space)$989.5K4 Dec 31, 2025$238.3K4 Dec 31, 2024+315.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$33.8M4 Dec 31, 2025$23.9M4 Dec 31, 2024+41.4%
Marketable securities, current$2.2M4 Dec 31, 2025$957.7K4 Dec 31, 2024+134.3%
Deposits held (banks)$100.0K4 Dec 31, 2025

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$120.0K4 Dec 31, 2025$120.0K4 Dec 31, 20240%

Properties, in its own words

The Company’s principal physical properties consist primarily of leased office facilities used in connection with its financial services and advisory businesses. These offices support the Company’s financial advisory, consulting, and brokerage-related operations conducted through its subsidiaries.

The Company does not own any real estate and currently conducts its operations from leased office facilities located in the United States and China. The following describes the Company’s principal office locations.

The rest of Item 2

New York Offices (Principal Executive Offices)

The Company’s principal executive offices are located in New York, New York and are used primarily by Chaince Securities, Inc. and Chaince Securities, LLC in connection with the Company’s financial advisory, consulting, and brokerage-related services. Until September 2025, the Company leased office space at 1330 Avenue of the Americas, Floor 33, New York, NY 10019, United States. Beginning in September 2025, the Company relocated its headquarters to 1251 Avenue of the Americas, Floor 41, New York, NY 10020, United States. During the transition between these locations, the Company temporarily utilized shared office space to support its operations while the new office was being prepared for occupancy. The Company’s New York office facilities are leased under commercial office lease arrangements. For the year ended December 31, 2025, the total rent expense related to the Company’s New York offices and temporary shared office facilities was approximately $360,026. These offices are used in connection with the Company’s financial services and advisory segment.

Shenzhen Office

The Company maintains an administrative and operational support office in Shenzhen, China located at Room 3807, Shenchuangtou Square, No. 1066 Haide 3rd Road, Nanshan District, Shenzhen, PRC. The Shenzhen office is used by Ucon Capital (HK) Limited and Chaince (Shenzhen) Consulting Co., Ltd. and primarily supports the Company’s Asia-Pacific advisory operations, including administrative support and coordination with the Company’s U.S. advisory teams. The office space is leased under a commercial office lease agreement beginning in July 2025. For the year ended December 31, 2025, the total rent expense for the Shenzhen office was approximately $57,365. This office supports the Company’s financial services and advisory segment. The Company does not currently generate material revenue from mainland China.

Former Hong Kong Office

Prior to March 2025, the Company maintained a leased office in Hong Kong used by Ucon Capital (HK) Limited in connection with the Company’s financial advisory and consulting activities in the Asia-Pacific region. The Hong Kong office lease was terminated in March 2025 and the Company no longer maintains a physical office in Hong Kong. Rent expense associated with the Hong Kong office for the year ended December 31, 2025 was approximately $4,357.

Adequacy of Facilities

The Company believes that its current office facilities are adequate for its present operational requirements. The Company expects that any future office space needs will be satisfied primarily through leasing additional office facilities as needed.

Item 2 of the 10-K filed Mar 26, 2026.3

Leadership

Who has led Chaince Digital Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Shi Qiu2026–now

Chief financial officer

  1. Yukuan Zhang2026–now
Board members and other officers (6)

Former names

  • Mercurity Fintech Holding Inc.May 20, 2020 to Nov 12, 20252
  • JMU LtdJan 6, 2017 to May 1, 20202
  • Wowo LtdAug 8, 2014 to Dec 21, 20162

Timeline

  1. Oct 6, 20268-K Entered a material agreement; Completed an acquisition or sale17
  2. Sep 24, 20268-K Entered a material agreement; Other events18
  3. Aug 25, 20268-K Shareholder vote19
  4. Aug 21, 20268-K Entered a material agreement20
  5. Aug 11, 20268-K Entered a material agreement; Other events21
  6. Jul 28, 20268-K Other events22
  7. Jul 23, 20268-K Other events23
  8. Jun 5, 20268-K Executive or director change24
  9. Mar 19, 20268-K Unregistered sale of shares; Other events25
  10. Mar 18, 2026New chief executive Shi Qiu becomes CEO11
  11. Mar 2, 20268-K Entered a material agreement; Unregistered sale of shares26
  12. Jan 28, 20268-K Change of auditor; Other events27

Filings

179 filings to the SEC since October 2021: 6 annual reports, 2 quarterly reports, 11 major events, 17 insider forms, 16 large holders, 127 other. The latest 20:

  1. Oct 6, 20268-K EDGAR
  2. Sep 24, 20268-K EDGAR
  3. Sep 1, 20263 EDGAR
  4. Sep 1, 20263 EDGAR
  5. Aug 28, 2026144 EDGAR
  6. Aug 25, 20268-K EDGAR
  7. Aug 21, 20268-K EDGAR
  8. Aug 21, 2026424B5 EDGAR
  9. Aug 14, 202610-Q EDGAR
  10. Aug 11, 20268-K EDGAR
  11. Aug 10, 2026424B5 EDGAR
  12. Aug 10, 202610-K/A EDGAR
  13. Jul 28, 20268-K/A EDGAR
  14. Jul 23, 20268-K EDGAR
  15. Jun 5, 20268-K EDGAR
  16. Jun 3, 20264 PRIMARY DOCUMENT EDGAR
  17. May 21, 20264 PRIMARY DOCUMENT EDGAR
  18. May 19, 2026144 EDGAR
  19. May 14, 202610-Q EDGAR
  20. Mar 26, 202610-K EDGAR

The 179 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

18 open-market trades by officers, directors and large owners since October 2021: 0 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 2, 2026Daye Wilfred ZhongKeiCSOSale2,000$9.07$18.1KForm 4
Jun 1, 2026Daye Wilfred ZhongKeiCSOSale2,000$8.53$17.1KForm 4
May 21, 2026Daye Wilfred ZhongKeiCSOSale2,000$9.33$18.7KForm 4
May 20, 2026Daye Wilfred ZhongKeiCSOSale4,000$9.66$38.6KForm 4
May 19, 2026Daye Wilfred ZhongKeiCSOSale2,000$9.36$18.7KForm 4
Dec 24, 2025Daye Wilfred ZhongKeiCSOSale1,500$6.13$9.2KForm 4
Dec 22, 2025Daye Wilfred ZhongKeiCSOSale3,000$6.11$18.3KForm 4
Nov 24, 2025Daye Wilfred ZhongKeiCSOSale4,470$13.78$61.6KForm 4
Nov 10, 2025Daye Wilfred ZhongKeiCSOSale1,000$12.19$12.2KForm 4
Oct 29, 2025Daye Wilfred ZhongKeiCSOSale1,800$11.48$20.7KForm 4
Oct 27, 2025Daye Wilfred ZhongKeiCSOSale100$11.25$1.1KForm 4
Oct 23, 2025Daye Wilfred ZhongKeiCSOSale200$11.13$2.2KForm 4
Oct 22, 2025Daye Wilfred ZhongKeiCSOSale300$9.52$2.9KForm 4
Oct 21, 2025Daye Wilfred ZhongKeiCSOSale1,000$12.96$13.0KForm 4
Oct 20, 2025Daye Wilfred ZhongKeiCSOSale1,000$11.98$12.0KForm 4
Oct 17, 2025Daye Wilfred ZhongKeiCSOSale500$12.60$6.3KForm 4
Oct 16, 2025Daye Wilfred ZhongKeiCSOSale2,170$11.37$24.7KForm 4
Oct 15, 2025Daye Wilfred ZhongKeiCSOSale1,195$14.87$17.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Chaince Digital Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARChaince Digital Holdings Inc.1
  • CIK0001527762
  • Employer ID (EIN)00-00000003
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
  • Incorporated inCayman Islands3
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address1330 Avenue Of The Americas, Fl 33,, New York, NY 100191
  • Phone(8610) 6266 88581
  • Shares outstanding110,003,800 as of Aug 14, 20269
  • Public float$190.3M as of Jun 30, 20253
  • AuditorTang Qian & Associates, PLLC, Dallas, Texas PCAOB ID 7080; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceAug 8, 20141
  • Filings336 in all: 6-K (157), CORRESP (16), SC 13D/A (16), UPLOAD (16), F-1/A (14), SC 13D (12), 20-F (11), 8-K (10)1
    All 37 form types

    4 (9), 144 (8), 3 (8), SC 13G (6), F-6 POS (5), SC 13G/A (5), NT 20-F (4), 20-F/A (3), 6-K/A (3), DRSLTR (3), EFFECT (3), F-3/A (3), S-8 (3), 10-Q (2), 424B5 (2), DRS/A (2), F-1 (2), FWP (2), 10-K (1), 10-K/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERTNAS (1), DRS (1), F-3 (1), F-6 (1), RW (1)

  • Latest filingsAnnual report (10-K) Mar 26, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Oct 6, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value US$0.004 per shareCDNASDAQ

From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Chaince Digital Holdings Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 17 risks under these headings, as written.3

  • Risks Related to Our Business
  • Our operating history in our current financial services and advisory business is limited.
  • Our revenues may fluctuate significantly from period to period.
  • A significant portion of our revenues may be derived from a limited number of clients.
  • We operate in a highly competitive financial services industry.
  • Our advisory business depends on capital markets activity.
  • Our success depends on our ability to attract and retain key personnel.
  • Risks Related to Our Broker-Dealer Operations
  • Our broker-dealer subsidiary is subject to extensive regulation.
  • Regulatory changes could adversely affect our business.
  • Regulatory examinations could affect our business.
  • Our operations involve cross-border business activities.
The other 7 risks
  • We maintain a limited presence in mainland China.
  • Risks Related to Digital Assets
  • We continue to hold certain digital assets, which may expose us to volatility risks.
  • Risks Related to Our Corporate Structure
  • Our holding company structure may affect the movement of funds within our corporate group.
  • Risks Related to Ownership of Our Securities
  • Our share price may be volatile.
  • Internal Control Risks
  • As a public company, we are required to maintain effective internal controls over financial reporting.
  • Risks Related to Doing Business in China
  • Our PRC subsidiary’s operations are subject to inherent uncertainties associated with the PRC legal system and regulatory environment.
  • We may face limitations on the ability of our PRC subsidiary to distribute earnings or transfer funds to the Company.

Legal proceedings

From time to time, we may become a party to various legal or administrative proceedings arising in the ordinary course of our business, including actions with respect to intellectual property infringement, breach of contract and labor and employment claims. Except as otherwise disclosed in this Annual Report, we are currently not a party to, and we are not aware of any threat of, any legal or administrative proceedings that, in the opinion of our management, are likely to have any material and adverse effect on our business, financial condition, cash flows or results of operations.

See Note 12 to the consolidated financial statements.

The opening of Item 3, Legal Proceedings.3

Sources

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