Nasdaq-listed company SunCar plans to spend $10 million to purchase cryptocurrencies.
ChainCatcher reported that Nasdaq-listed company SunCar announced its board of directors has authorized the allocation of $10 million to purchase certain mainstream cryptocurrencies, which are expected to benefit from the rapid growth of risk-weighted asset (RWA) tokenization. From a strategic perspective, SunCar believes that blockchain integration and RWA tokenization represent a natural evolution of its AI-based cloud technology in the fields of digital auto insurance and automotive services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Below the lower range! Data center power distributor Accelevation (ACCV.US) IPO priced at $18 per share, raising $540 millions.
Accelevation Holdings issued 30 million shares at $18 per share, raising $540 million. Of these, 67% were secondary offerings. The issue price was below the previous pricing range of $20–24.
High yields boost buying, Japan's two-year government bond auction passes smoothly
Driven by attractive yields, capital has been flowing in, resulting in Wednesday's two-year Japanese government bond auction seeing demand stronger than the 12-month average.
"The Big Short" Burry’s star pupil warns: South Korean stock market appears to be a "capitalist paradise," but in reality hides a "value trap"
There are hidden traps behind low-priced Korean stocks: most of their value is often inaccessible to minority shareholders.
Crypto prices
More
