on Token Cat Limited
Token Cat Limited Approves $1 Billion Crypto Investment Policy
Token Cat Limited has announced the approval of a substantial $1 billion Crypto Asset Investment Policy. This strategic move follows the appointment of Sav Persico as Chief Operating Officer, bringing his extensive 30 years of experience in crypto and blockchain to the forefront of the company's new initiative.
The policy focuses on a disciplined approach to allocating cash reserves into crypto assets, with deployment proceeding in phases. The initial investments will target emerging crypto projects and AI-integrated tokens, overseen by a newly formed Crypto Asset Risk Committee.
CEO Guangsheng Liu emphasized the importance of this policy in strengthening the company's asset strategy, while Persico highlighted the approach as a means to bolster resilience amidst economic uncertainties.
R. P.
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