Token Cat Limited's board approves a $1 billion cryptocurrency asset investment policy

According to a report by PR Newswire, Token Cat Limited (NASDAQ: TC) announced that its board of directors has officially approved a cryptocurrency asset investment policy, authorizing the company to allocate a portion of its cash reserves to selected cryptocurrency assets under a strict risk management framework.

The board has approved an overall allocation limit for digital asset planning of up to $1 billion. Deployment will be carried out in phases based on market conditions, risk assessments, and funding management needs. The initial allocation will focus on tokens from emerging cryptocurrency projects with strong growth prospects, including assets related to artificial intelligence, raw data on-chain initiatives, and token-equity hybrid models. Any future expansion to other asset classes will require reassessment and approval by the board's risk committee. The company will not self-custody the purchased cryptocurrency assets. A cryptocurrency asset risk committee has been established, led by the Chief Financial Officer, to oversee asset allocation, manage risk controls, and report regularly to the board of directors.