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MMTEC
MMTEC was founded in 2018 and listed on the Nasdaq Capital Market the following year under Chairman and CEO Xiangdong Wen.
MMTEC
MMTEC was founded in 2018 and listed on the Nasdaq Capital Market the following year under Chairman and CEO Xiangdong Wen. The company operates from Beijing with a US subsidiary in New York, maintaining a dual-regulatory posture that spans China's institutional technology market and US securities infrastructure. The firm's core business is providing financial software systems to China's brokerage industry, rather than managing discretionary client assets. Its wholly owned subsidiary, MM Fund Services, holds a US broker-dealer registration, enabling cross-border execution and clearing services. Another division, Haifu Shangtong, develops trading and settlement platforms used by Chinese hedge funds and brokerage houses. The company has stated publicly that it aims to build a full chain of securities services — from trading technology to regulatory reporting — but has not disclosed a formal asset management or private equity strategy beyond these operating platforms. MMTEC disclosed in its 2022 annual report that it had roughly 20 full-time employees, split between Beijing and New York. In early 2023, the company announced plans to expand its US securities services division, reflecting continued investment in the broker-dealer license even as the broader China tech market contracted. The firm has not publicly disclosed an AUM figure, nor does it claim to manage external capital as a principal function. The firm's structural differentiator is its public-company format combined with a US FINRA-registered broker-dealer inside a Chinese financial technology platform. This architecture gives MMTEC a regulated conduit for securities flows between the US and China, though it has not yet scaled to meaningful transaction volume or revenue — a challenge the company has acknowledged in its own SEC filings.
General information
Firm type
Asset Manager
Year founded
2018
AUM
Undisclosed
Location
Region
Asia
Country
China
City
Beijing
Corporate office
Beijing, China
Additional offices
New York, NY, United States
Principals
Xiangdong Wen
Chairman and Chief Executive Officer
Sector focus
Frequently asked questions
Is MMTEC an asset manager or a technology provider?
MMTEC is primarily a financial technology and services provider. It develops trading, settlement, and regulatory reporting software for Chinese brokerage firms. Its US subsidiary, MM Fund Services, operates as a broker-dealer that can facilitate cross-border securities transactions, but the firm does not position itself as an asset manager and has not publicly disclosed any discretionary AUM.
What is MM Fund Services and why does MMTEC own a US broker-dealer?
MM Fund Services is MMTEC's wholly owned US subsidiary, registered as a broker-dealer with FINRA. The license allows the firm to execute trades and clear securities for institutional clients, creating a compliant cross-border channel between US and Chinese financial markets. The strategic goal is to pair this execution capability with the trading technology its China-based division builds for hedge funds and brokers.
Does MMTEC make direct investments or manage private capital?
According to its own public disclosures, MMTEC's revenue model is built on technology services and brokerage transaction fees, not on investment returns. There is no public record of MMTEC operating a private equity fund, venture capital strategy, or discretionary investment vehicle. The firm's SEC filings disclose operating businesses rather than managed assets.
Why did MMTEC go public in the US instead of a Chinese exchange?
MMTEC listed on the Nasdaq in 2019, shortly after its formation, likely to access the deeper liquidity pools and technology-investor base in the US. The US listing also reinforces its identity as a cross-border financial services company, pairing its US broker-dealer with publicly traded equity that can serve as currency for acquisitions or talent recruitment.
Who makes strategic decisions at MMTEC?
Xiangdong Wen serves as Chairman and CEO and is the named decision-maker in the firm's regulatory filings. He controls the company's strategic direction, including the expansion of the US broker-dealer subsidiary and the acquisition of its Chinese technology platform Haifu Shangtong. There is no separate investment committee or CIO disclosed in public records.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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