ATIF Holdings (NASDAQ: ZBAI) announced on April 10, 2026 that its wholly owned subsidiary, ATIF BD LLC, signed an advisory agreement with ProudMind Venture Technology LLC to provide legal and structuring services for ProudMind's digital asset and token issuance projects.
Services include Cayman fund setup, Cayman VASP registration, token issuance agreements and policies, an issuance memorandum, and a VIE structure; work is to be completed within two months from commencement.
Loading...
Loading translation...
Positive
Strategic expansion into digital asset and tokenization consulting
Comprehensive scope covering Cayman fund, VASP registration, token documents, and VIE setup
Two-month delivery timeline signals expedited execution for advisory services
Negative
Regulatory complexity from Cayman VASP registration and VIE structuring
Tight two-month deadline may pressure review cycles and compliance work
News Market Reaction – ZBAI
+4.37%
1 alert
+4.37%Session close to close
$86.12MMarket Cap
0.5xRel. Volume
In the Apr 10 session, ZBAI gained 4.37%, reflecting a moderate positive market reaction.
This announcement highlighted ATIF’s expansion into digital asset and RWA tokenization consulting th...
Analysis
This announcement highlighted ATIF’s expansion into digital asset and RWA tokenization consulting through an advisory agreement covering fund setup, VASP registration, and VIE structuring, to be completed within two months. Recent filings showed a small consulting business with net losses and going-concern warnings, plus prior capital-raising via units and warrants. Investors would likely monitor execution in this new segment and any follow-on financial disclosures.
Key Figures
Service timeline:two monthsCompany founding date:January 5, 2015PSLRA year:1995
3 metrics
Service timelinetwo monthsTime for ATIF BD LLC to complete services from commencement
Company founding dateJanuary 5, 2015Founding date of ATIF Holdings Limited
PSLRA year1995Year of U.S. Private Securities Litigation Reform Act cited in forward-looking statements
Key Terms
digital asset, token issuance, virtual asset service provider, vasp, +4 more
8 terms
digital assettechnical
"provide legal and structuring services for digital asset and token issuance projects of ProudMind"
A digital asset is a representation of value or rights that exists only in electronic form—like digital versions of cash, stocks, or collectibles kept in a virtual wallet. They are transferred and recorded using computer systems that make copying or tampering difficult, and can include currencies, tokenized shares, or unique digital items. Investors care because digital assets can offer new ways to diversify, trade and raise capital, but they also bring different risks around price swings, custody and regulation.
token issuancetechnical
"services for digital asset and token issuance projects of ProudMind"
Token issuance is the creation and distribution of digital units (tokens) that represent value, access, or ownership on a digital ledger; think of it like a company printing a new batch of tickets or shares but in electronic form. It matters to investors because tokens can change who holds rights or claims, affect supply and value, create new funding or revenue streams, and carry legal or technology risks that can influence liquidity and long-term returns.
virtual asset service providerregulatory
"completion of the virtual asset service provider (“VASP”) registration in the Cayman Islands"
A virtual asset service provider is a business that creates, stores, trades, moves or manages digital assets such as cryptocurrencies and tokens — think of it as a bank or broker for digital money. It matters to investors because these firms control access, custody and transaction flow for digital assets, so their security, compliance with rules and business health directly affect liquidity, counterparty risk and the safety of investors’ holdings.
vaspregulatory
"virtual asset service provider (“VASP”) registration in the Cayman Islands"
A virtual asset service provider (VASP) is any business that facilitates buying, selling, storing or moving digital assets like cryptocurrencies — think of it as a bank or courier for digital money. Investors care because a VASP’s security, rules compliance and access to liquidity affect how safe and easy it is to hold or trade tokens; regulatory scrutiny, hacks or license losses at a VASP can quickly change an asset’s value or trading availability.
variable interest entityfinancial
"the set up of a variable interest entity (“VIE”) structure"
A variable interest entity (VIE) is a company structure where one party controls another company’s operations and economic outcomes through contracts or special arrangements instead of owning a majority of its voting shares. For investors, VIEs matter because the controlling party’s financial results, debts and risks can appear in the controller’s reports even though ownership looks separate, so understanding VIEs helps assess true exposure, governance limits and transparency—like spotting a puppet controlled by strings rather than direct ownership.
viefinancial
"set up of a variable interest entity (“VIE”) structure"
To vie means to compete with others for a limited prize, such as contracts, customers, market share or an acquisition target. Investors pay attention because competition can change a company’s costs, pricing power and growth prospects—like bidders pushing prices higher at an auction, firms that actively vie can drive up spending or valuations and signal how likely they are to gain or lose market advantage.
tokenizationtechnical
"expansion into RWA tokenization business, and extend our advisory capabilities"
Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.
blockchain technologytechnical
"unlock value from physical and financial assets using blockchain technology"
A blockchain is a shared digital ledger that records transactions across many computers so entries are visible to participants and hard to change. Think of it like a Google Doc that everyone can see and verify but cannot secretly edit, creating a permanent chain of time-stamped records. Investors watch blockchain because it can reduce fraud and middlemen, enable new digital assets and services, and materially affect company costs, revenue models and regulatory risk.
IRVINE, CA, April 10, 2026 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ZBAI), a financial consulting firm serving small and medium‑sized enterprises, today announced that its wholly owned subsidiary, ATIF BD LLC, has entered into an advisory agreement (the “Agreement”) with ProudMind Venture Technology LLC (“ProudMind”) to provide legal and structuring services for digital asset and token issuance projects of ProudMind. This engagement marks ATIF’s strategic expansion into the rapidly growing digital asset and cryptocurrency consulting sector.
Under the Agreement, ATIF BD LLC will advise on the establishment of a fund in Cayman Islands , completion of the virtual asset service provider (“VASP”) registration in the Cayman Islands, preparation of token issuance agreements and policies, drafting of an issuance memorandum, and the set up of a variable interest entity (“VIE”) structure. These services are designed to help ProudMind build a compliant legal and operational framework for issuing digital assets backed by real‑world assets.
Dr. Kamran Khan, Chairman, President and CEO of ATIF Holdings Limited, commented, “We are excited to support ProudMind Venture Technology LLC in its expansion into RWA tokenization business, and extend our advisory capabilities into the digital asset space. We believe RWA tokenization represents a transformative opportunity to unlock value from physical and financial assets using blockchain technology. This engagement demonstrates our ability to adapt our consulting platform to serve the evolving needs of clients in the cryptocurrency and tokenization sectors.”
The Agreement includes standard confidentiality provisions, a defined work scope with multiple rounds of document review, and a dispute resolution clause governed by the laws of the Cayman Islands. Both parties have agreed that ATIF BD LLC will complete the services within two months from the commencement of instructions.
About ATIF Holdings Limited
ATIF Holdings Limited (NASDAQ: ZBAI) is a financial consulting company that provides business advisory and financial consulting services to small and medium‑sized enterprise customers in Hong Kong, Mainland China, the United States, and Singapore. The Company offers consulting services including due diligence review, market research and feasibility study, business plan drafting, accounting record review, and business analysis and recommendations. ATIF also provides merger and acquisition advisory, post‑listing compliance, management support, and related services. The Company was founded on January 5, 2015, and is headquartered in Lake Forest, California.
Forward‑Looking Statements
Certain statements in this press release are “forward‑looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, words such as “estimate,” “projected,” “expect,” “anticipate,” “predict,” “plan,” “intend,” “believe,” “seek,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the opposite of such words or expressions) are intended to identify forward‑looking statements. These forward‑looking statements do not guarantee future performance, conditions or results and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control and may cause actual results or achievements to differ materially from those discussed in the forward‑looking statements. Important factors include future financial and operating results, including revenues, income, expenses, cash balances and other financial items; the ability to manage growth and expansion; current and future economic and political conditions; the ability to compete in industries with low barriers to entry; and the ability to obtain additional financing to fund capital expenditures. The Company undertakes no obligation to update or revise any forward‑looking statements, whether as a result of new information, future events or otherwise, except as required by law.
What did ATIF Holdings (ZBAI) announce on April 10, 2026 about ProudMind?
ATIF announced an advisory agreement to support ProudMind's digital asset token issuance projects. According to the company, ATIF BD LLC will provide legal and structuring services including Cayman fund setup, VASP registration, issuance documents, and a VIE structure.
Which specific services will ATIF BD LLC provide to ProudMind under the ZBAI agreement?
ATIF BD LLC will advise on Cayman fund establishment, Cayman VASP registration, token issuance agreements, an issuance memorandum, and VIE setup. According to the company, these services aim to build a compliant legal and operational framework for RWA tokenization.
What is the timeline for ATIF BD LLC to complete the advisory services for ProudMind (ZBAI)?
Both parties agreed that ATIF BD LLC will complete the services within two months from instruction commencement. According to the company, the work scope includes multiple document review rounds and standard confidentiality protections.
How does the ProudMind advisory deal affect ATIF Holdings' (ZBAI) business strategy?
The engagement marks ATIF's strategic expansion into the digital asset and cryptocurrency consulting sector. According to the company, it demonstrates ATIF's ability to adapt its consulting platform to tokenization and RWA (real-world asset) projects.
Are there financial terms or fees disclosed for the ATIF-ProudMind advisory agreement (ZBAI)?
No financial terms or fee amounts were disclosed in the announcement. According to the company, the agreement describes scope, confidentiality, dispute resolution, and a two-month completion target but does not list compensation details.
