Treasure Global, a publicly traded company, launched a $100 million digital asset finance strategy

PANews reported on June 4 that Treasure Global Inc. (NASDAQ: TGL), a NASDAQ-listed company and e-commerce platform operator, announced the launch of a $100 million digital asset treasury plan to strengthen its digital infrastructure and support the launch of an AI consumer intelligence platform. The program is funded in two parts: $50 million from existing equity financing agreements and another $50 million from new inflows from strategic institutional investors. The funds will be used in phases to allocate blockchain-native assets such as Bitcoin, Ethereum, and regulated stablecoins, with the aim of improving capital efficiency and laying the foundation for future tokenization, loyalty programs, and blockchain settlement systems.

26.53K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.