NASDAQ-listed SunCar Technology to invest $10 million in RWA-related coins

NASDAQ-listed SunCar Technology Group (SunCar Technology Group) said it will invest up to $10 million in virtual assets (cryptocurrencies) related to RWA, which tokenize real-world assets such as real estate and bonds on the blockchain.

According to Business Wire on the 18th (local time), SunCar's board approved the decision, and going forward the company will select and invest in major virtual assets with sufficient market capitalization and liquidity that are expected to benefit from the growth of RWA tokenization. The investment process will comply with regulatory requirements, and future holdings will be disclosed through regular press releases and filings with the U.S. Securities and Exchange Commission (SEC).

According to Ripple and the Boston Consulting Group (BCG), the global RWA market is expected to grow from about $25 billion in mid-2025 to $19 trillion by 2033. SunCar is reviewing a strategy to combine RWA and blockchain technology with its artificial intelligence (AI)-based cloud automotive insurance and service model. The company said this will allow customers and partners to experience transparent and reliable transactions.

Ye Zaichang, CEO of SunCar Technology Group, said, "This investment is part of capital allocation to maximize shareholder value while executing the company's strategic blueprint to build blockchain and RWA platforms," adding, "We judged that investing in emerging technology RWA tokenization with greater long-term growth potential is far more attractive than holding cash."