"Nasdaq-listed Token Cat approves up to $1 billion digital asset investment policy"

Nasdaq-listed Token Cat Limited has approved a crypto asset (cryptocurrency) investment policy of up to $1 billion and plans to formally begin digital asset management.

On the 2nd (local time), according to Sijeon, Token Cat's board announced that it had passed the 'Crypto Asset Investment Policy', allowing a portion of cash holdings to be allocated to selected digital assets. Under the policy, crypto asset investments will be carried out in phases based on market conditions and risk assessments.

Initial investments are expected to target tokens of emerging projects with growth potential, such as artificial intelligence (AI), RAW-to-chain, and token-equity hybrid models. Future additions of asset classes will require reapproval by the board's Risk Committee.

Token Cat also said it will not custody crypto assets directly but will use external professional custodial institutions. A 'Crypto Asset Risk Committee' led by the chief financial officer (CFO) will also be established to manage crypto asset risks.

Guangsheng Liu, Token Cat CEO, said, "This policy is an important step in strengthening the company's long-term asset strategy." The company earlier appointed Sav Persico, a blockchain expert with 30 years of experience, as chief operating officer (COO) to oversee the strategy.

COO Persico said, "The company views crypto assets not as short-term speculative instruments but as long-term stores of value," and added, "Given the current market uncertainty, we will pursue a stable asset strategy."