Zhongchi Chefu announces acquisition of digital assets valued at $1.87 billion for $1.1 billion

ChainCatcher News: Zhongchi Chefu Internet Technology Co., Ltd. announced that it has completed negotiations to acquire approximately $1.87 billion worth of high-quality digital assets from a crypto organization for about $1.1 billion.

The acquisition includes mainstream crypto assets, high-growth potential public chain ecosystem tokens, infrastructure assets related to stablecoins and compliant payment systems, as well as equity and tokens of multiple high-quality projects. Additionally, Zhongchi Chefu’s US subsidiary has reached a preliminary cooperation agreement with the crypto giant, and the two parties will collaborate deeply on the development of the Digital Asset Repository (DAT), building compliant crypto payment infrastructure, and expanding multi-scenario payment ecosystems, jointly creating and leading the global digital asset and crypto payment markets. Zhongchi Chefu management stated that this countercyclical digital asset acquisition marks the company’s transition from “traditional asset allocation” to a new era of “global diversified digital asset allocation.”

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