MOGUL THINKS CRYPTO

Wu exchange buy

One of China’s biggest business and entertainment moguls has bought a 27 percent stake in the Delaware Board of Trade, a company operating one of the newest stock exchanges in the country

The move is part of a push by Bruno Wu to start trading bitcoin-like securities, The Post has learned.

Wu’s Seven Stars Cloud invested $2 million into the fledgling exchange and “dark pool” operator, according to people familiar with the transaction.

The deal comes just months after another Chinese company, Chongqing Casin Enterprise Group, launched a bid to buy the Chicago Stock Exchange — only to have federal regulators put the deal’s approval on hold, essentially torpedoing the transaction.

Lawmakers had urged the Securities and Exchange Commission to stop the Chicago deal earlier this year, saying that they had no visibility into the structure of the buyers.

Wu, 51, is one of China’s wealthiest businessmen, and has been called Mr. Chinawood for his raft of entertainment investments, including a joint partnership with “Spider-Man” executive producer Avi Arad.

Wu’s company, which sources said gave a private investment presentation to bankers at Cowen & Co. earlier this month, is tip-toeing into the world of trading currency like bitcoin and other crypto-assets, according to sources.

The Beijing-based mogul. has taken a winding route to Wall Street.

Last year, Wu bought a majority share of a YouTube-like company called YOU On Demand, which was owned by World Wrestling Entertainment scion and professional wrestler Shane McMahon — son of WWE founder Vince McMahon and his wife, Linda McMahon, the head of the Small Business Administration.

Seven Stars will trade exchange-traded funds backed by digital assets “that can be settled into digital currencies” like bitcoin, according to an early draft of an announcement obtained by The Post.

The company is calling the settlement an “initial exchange offering,” similar to the initial coin offerings that have led to the proliferation of other bitcoin-like digital currencies.

The deal also puts Seven Stars President and Chief Revenue Officer Robert Benya on the board of the Delaware Board of Trade, the people said.