Chaince Digital Holdings Inc. (NASDAQ: CD) is a financial services and advisory company that provides capital markets advisory, investment banking, and brokerage services to corporate and institutional clients across North America, Greater China, and Southeast Asia. The company earns fee-based revenue from IPO-related financial advisory, PIPE advisory and placement, underwriting, transaction execution, brokerage, clearing-related brokerage, escrow agent services, and referral services. Total revenue from financial services and advisory businesses was $1,867,068 for the year ended December 31, 2025, up 277.93% from $494,025 for the year ended December 31, 2024. As of December 31, 2025, the company had served more than 20 corporate clients and employed 13 full-time staff. Operations are conducted through Chaince Securities, Inc., its FINRA-registered broker-dealer subsidiary Chaince Securities, LLC, and Ucon Capital (HK) Limited. The holding company is incorporated in the Cayman Islands with principal executive offices in New York.

Revenue model

Fee-based revenue from financial services and advisory activities, including IPO advisory, PIPE advisory and placement, underwriting, securities brokerage and transaction execution, clearing-related brokerage, escrow agent services, and referral fees. Revenue for FY2025 totaled $1,867,068, derived entirely from financial services and advisory businesses. Discontinued Filecoin mining operations are excluded from continuing revenue.

Products and services

IPO-related financial advisory and consulting; PIPE advisory and placement services; underwriter-related services; securities brokerage and transaction execution (through FINRA-registered broker-dealer Chaince Securities, LLC); clearing-related brokerage services; industry-specific business advisory and consulting; escrow agent services; referral services. Asia-Pacific business consulting and advisory delivered through Ucon Capital (HK) Limited and Chaince (Shenzhen) Consulting Co., Ltd.

Customers and end markets

Corporate issuers, investment institutions, and business enterprises seeking capital markets advisory, strategic consulting, and transaction execution. Institutional investors and high-net-worth individuals are also served through the broker-dealer subsidiary. As of December 31, 2025, the company had served more than 20 corporate clients. Client base spans North America, Greater China, and Southeast Asia.

Value-chain role

Intermediary and advisor in capital markets transactions. Acts as financial advisor, placement agent, underwriter, broker-dealer, escrow agent, and referral intermediary between corporate issuers and capital sources. Does not take principal positions as a primary business activity.

Geographic exposure

Principal operations in New York, United States. Additional advisory and business development capabilities in Hong Kong and Shenzhen, China. Clients primarily located in the United States, Greater China, and Southeast Asia. The company does not currently generate revenue from mainland China (as stated in the 10-K filed 2026-03-26).

Source: SEC 10-K, filed 2026-03-26

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