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Related Party Balances and Transactions
 6 Months Ended
Sep. 30, 2025
Related Party Balances and Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS
22. RELATED PARTY BALANCES AND TRANSACTIONS

 

Related parties’ relationships as follows:

 

Name   Relationship
Bingzhong Wang   Chief Executive Officer
Pengyuan Fan   Chief Financial Officer
Xiaosi Zhang   Chief Operating Officer
Xisha Hu   Spouse of Mr. Bingzhong Wang
Northstar   Non-controlling interest of Metalpha before November 30, 2023, and minority shareholder of the Company after October 1, 2023
Polaris Investment Management PTE Limited   Related companies of Polaris Technologies Group Limited
Antpool Technologies Limited   Shareholder of Northstar
Folius Venture LLC   Shareholder
LSQ Investment Fund SPC – Next Generation Fund I SP   Bingzhong Wang act as director of the Company while LSO Capital Limited as Sub-Investment Manager
Liming Liu   Former Chief Executive Officer
Ming Ni   Former Chief Operating Officer

 

Related parties’ balance are consisted of the following:

 

   As of
September 30,
2025		   As of
March 31,
2025		 
   US$   US$ 
   (Unaudited)   (Audited) 
         
a. Digital assets payables        
Northstar   29,935,294    
—
 
Xisha Hu   12,390,791    10,602,787 
Ni Ming   9,191    87,270 
Fan Peng Yuan   17,244    12,757 
Zhang Xiaosi   123,826    
—
 
Total   42,476,346    10,702,814 
           
b. Payables to client          
Northstar   35,299,026    10,483 
Folius Venture LLC   
—
    76 
Xisha Hu   301,205    671,405 
Fan Peng Yuan   12,616    787 
Ni Ming   27,103    8,807 
Zhang Xiaosi   6,505    
—
 
LSQ Investment Fund SPC – Next Generation Fund I SP   30    
—
 
Total   35,646,485    691,558 
           
c. Other payables          
Polaris Investment Management PTE Limited   
—
    460,075 
Northstar   
—
    40 
           
d. Digital assets          
Northstar*   63,603,991    7,709,121 

 

*The carrying amount of the digital assets for those exchange accounts the Company as the beneficial owner while the registered owner under the name of the related party.

Related parties’ transactions are consisted of the following:

 

   For the six months ended
September 30,		 
   2025   2024 
   US$   US$ 
   (Unaudited)   (Unaudited) 
Derivative products entered with Northstar   117,040,688    36,732,401 
Derivative products expired to Northstar   (89,553,922)   (6,843,902)
Derivative products entered with Ni Ming   98,819    
—
 
Derivative products expired to Ni Ming   (195,315)   
—
 
Derivative products entered with Fan Peng Yuan   12,532    
—
 
Derivative products expired to Fan Peng Yuan   (9,270)   
—
 
Derivative products entered with Xisha Hu   7,266,716    
—
 
Derivative products expired to Xisha Hu   (6,234,128)   
—
 
Derivative products entered with Zhang Xiaosi   127,710    
—
 
Derivative products expired to Zhang Xiaosi   (5,817)   
—