Zhongchi Chefu announced the acquisition of digital assets valued at 1.87 billion dollars for 1.1 billion dollars

Zhongchi Chefu Internet Technology Co., Ltd. announced the completion of negotiations to acquire approximately $1.1 billion worth of high-quality digital assets from a cryptocurrency institution valued at about $1.87 billion.

This acquisition includes mainstream crypto assets, high-growth potential public chain ecological tokens, infrastructure assets related to stablecoins and compliant payment, as well as equity and tokens from multiple high-quality projects. At the same time, Zhongchi Chefu's U.S. subsidiary has reached a principle cooperation agreement with the crypto giant, and both parties will engage in deep cooperation in the development of the Digital Asset Trust (DAT), the construction of compliant crypto payment infrastructure, and the expansion of multi-scenario payment ecosystems, jointly creating and leading the global cryptocurrency digital asset trust and crypto payment market. Zhongchi Chefu's management stated that this counter-cyclical digital asset acquisition marks the company's transition from "traditional asset allocation" to a new era of "global diversified digital asset allocation."