Another company of Hong Kong is adding crypto to his treasure, but wants to do more than passively maintain it.
IVD Medical Holdings has bought $ 19 million (HK $ 149 million) of ether (Eth)positioning the asset at the center of its real world asset tokenization strategy.
The company is building IVD.XYZ, a platform to tokenar the pharmaceutical intellectual property and other medical care assets, which will be fully executed in smart contracts of Ethereum.
In a statement to Coindesk, strategy director Gary Deng said that Ethereum was chosen as the central asset because it is “the most mature intelligent contract platform in the world” with “extremely high liquidity” and a growing institutional recognition, pointing out the approval of the SEC of the United States of an ETF spot eth.
IVD plans to use ETH for the confirmation of property in the chain, the automated income distribution and the government compliance government.
It will also serve as the liquidation layer for the IVDD Stablecoin planned by the company, which allows cross -border transactions within the compliance frames of Hong Kong and the United States. RWA transactions income will automatically become ETH and deposit in the Treasury.
IVD also intends to implement ETH in rethinking, refund and chain derivatives to increase returns and liquidity while adding down protection. The movement puts IVD with a small group of companies that are quoted in HKEX with cryptography bonds, most of which favor Bitcoin
.
Interactive Boya (0434.hk) It has more than 3,100 BTC worth more than US $ 300 million after converting almost all its ether into Bitcoin. MEITU (1357.hk) bought around 31,000 ETH and 940 BTC in 2021 Before getting out of those positions.
Other smaller bitcoin holders include Yuxing Infotech (8005.hk) with 78 BTC, Moon Inc. (1723.hk) With 18.88 BTC, and Nogal capital (0905.hk) with 10 BTC of a donation of shareholders.
The IVD movement was made as part of a broader association advertisement with hashkey Group, which operates the Exchange Hashkey’s licensed hashkey.
Read more: Sharplink raises $ 200 million on direct offer to raise eth holdings at $ 2b
