String Metaverse Limited (BSE: META), formerly known as Bio Green Papers Limited, announced that its wholly owned subsidiary, String Fintech HK Ltd (formerly Kling Fintech HK Ltd), has achieved a major milestone by crossing $920 million (approximately ₹8,000 crore) in transaction volume between September 15 and October 15, 2025, on the Deribit Derivatives Exchange (Coinbase).
The company attributed the achievement to its high-frequency trading (HFT) infrastructure and ultra-low-latency servers, which have propelled String Metaverse to become one of Asia’s fastest-growing infrastructure firms in the global digital asset ecosystem.
VIP recognition and growth outlook
String Fintech HK has earned a VIP3 trading status on Deribit, granting it maximum fee rebates and priority execution access—privileges reserved for top institutional traders. The firm now targets VIP6 status within six months, with a goal of exceeding $5 billion in monthly trading volume as it expands its infrastructure and integrates with more global exchanges.
Strategic significance
The Hong Kong division serves as the group’s liquidity and derivatives hub, connecting to major global data centers in New York (NY4), Tokyo (TY4), and London (LD4) for sub-millisecond execution and real-time risk management.
“This milestone marks a new era of growth for String Metaverse. Our high-performance trading stack and global network are redefining how institutional liquidity operates on decentralized and derivative venues,” said Ganesh Meenavalli, Managing Director of String Metaverse Ltd.
About the company
String Metaverse Ltd is India’s first publicly listed Web3 infrastructure and programmable finance company, specializing in real-time blockchain transactions, decentralized finance (DeFi), tokenized assets, and Web3 gaming ecosystems. The company is headquartered across Hong Kong, Dubai, Mumbai, Singapore, and Toronto, positioning itself as a global player in digital finance.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Digital asset investments carry high market risks. Always verify details before making financial decisions.
