Zhibao Technology Inc. (NASDAQ: ZBAO) announced on September 24, 2026, that it has signed a memorandum of understanding with DeSyn Labs Ltd., also known as DeSyn Protocol, to explore a strategic collaboration in Bitcoin Finance, or BTCfi.
Under the MOU, the two companies plan to combine Zhibao's risk management frameworks and InsurTech pricing models with DeSyn's multi-chain asset management technology to develop Bitcoin-denominated yield products and institutional-grade BTCfi infrastructure. A definitive partnership agreement is expected within 12 months.
The collaboration will focus on three areas: integrating risk pricing and reinsurance models into decentralized BTC yield strategies, co-developing Bitcoin-denominated yield products tailored for financial institutions, and expanding the joint ecosystem using Zhibao's digital asset treasury of 2,380 BTC.
DeSyn Protocol operates across 15 blockchain networks, reports more than $1 billion in total value locked, and has served over 200,000 users.
The transaction remains subject to due diligence, audit procedures, and compliance with U.S. Securities and Exchange Commission and Chinese regulatory requirements. It also must await completion of Zhibao's de-classification restructuring, which would remove the company from filing obligations with the China Securities Regulatory Commission.
Zhibao Technology operates as an InsurTech company providing digital insurance brokerage services through a business-to-business-to-customer model. It launched China's first digital insurance brokerage platform in 2020 and has developed more than 40 digital insurance solutions spanning industries including travel, sports, logistics, and e-commerce.
"The rapid growth of BTCfi represents immense liquidity and structural potential for Bitcoin as a productive treasury asset," said Jinmei Guo Hellstreom, CEO of Zhibao Technology. "We look forward to exploring how traditional InsurTech risk management, AI pricing, and public-company disclosure standards can strengthen decentralized BTC yield strategies."
