On 8th November, Dragon Victory International Limited announced that its wholly-owned subsidiary, Meta Rich Limited ("Meta Rich"), set up Metalpha Limited ("Metalpha") with Antalpha Technologies Limited ("Antalpha"). According to the Company's announcement, Meta Rich will hold 51% stake and the remaining 49% will be held by Antalpha. Antalpha is a wholly-owned subsidiary of Antpool Technologies Holding Company, the operator of one of the world's bitcoin mining pools. Metalpha has been established to meet the needs of cryptocurrency investors who seek more sophisticated and risk-managed products as cryptocurrency industry has evolved rapidly. [1]The company's main customers are miners and institutions, who need more customized cryptocurrency derivative products, which can fulfill their investment criteria and different level of risk tolerance. Cryptocurrency has evolved for more than ten years and become one of the most innovative, fast growing, and lucrative investment products; however, cryptocurrency has exhibited higher volatility and higher risk compared to traditional financial assets. With the gradual improvement and maturity of the cryptocurrency market, trading demand for cryptocurrency is no longer limited to simple spot trading but extends to various derivative to minimize volatility and to manage risks, Therefore, major cryptocurrency exchanges have gradually launch various derivatives, mainly leveraged trading, futures contracts and option contracts. Dragon Victory International is able to aim precisely at new opportunities, leveraging experiences from traditional financial derivative market and innovations of cryptocurrency industry. Metalpha will form a team of talented and experienced professionals in finance and technology to build up a leading crypto derivative trading platform. The company will be able to grow exponentially and contribute to long-term development of the crypto market and wealth of investors.