By Shishta Dutta | Updated at: Oct 17, 2025

Hyderabad, October 17, 2025 – Shares of String Metaverse Ltd (BSE:534535) surged nearly 5% in Friday’s session to ?280.25. The rise in the shares came after the company’s Hong Kong subsidiary, String Fintech HK Ltd, announced that it had surpassed $920 million (around ?8,000 crore) in digital asset transaction volume between September 15 and October 15, 2025.

Market Snapshot

As of market close on 17 October 2025, the stocks closed at ?280.25, up by 13.30, a 4.98% rise, which was an intraday high. The total trading turnover and quantity for the session were 0.30 lakhs and 85.36 lakhs, respectively, while the VWAP was at 280.25, showcasing an overall positive session.

Key Performance Highlights

The Hong Kong subsidiary, String Fintech HK Ltd, has processed $920 million in transactions on Deribit between September 15 and October 15, 2025. The company’s efforts have earned it a VIP3 upgrade. Now the company is targeting to earn VIP6 and project a $5 billion monthly volume. The execution spans NY4, TY4, and LD4 data centres, ensuring fast, reliable trading.

Strategic Milestone

The achievement underscores String Metaverse’s emergence as one of Asia’s fastest-growing high-frequency trading (HFT) infrastructure providers in the digital asset ecosystem. The VIP3 upgrade grants access to maximum fee rebates and priority order execution—privileges reserved for elite institutional traders.

Management Commentary

Showing positive sentiment towards the development, Managing Director Ganesh Meenavalli said, “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 decentralised and derivative venues.”

String Metaverse Ltd is India’s first publicly listed Web3 infrastructure and programmable finance company. The company builds core systems for blockchain transactions, DeFi, and Web3 gaming ecosystems. It is headquartered in Hong Kong, Dubai, Mumbai, Singapore, and Toronto and focuses on HFT, tokenised assets, and decentralised infrastructure.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/707ce637-b8ed-4b21-83de-30d3d9767d0e.pdf

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