Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively handle it.
IVD Medical Holdings Buy $ 19 Million (HK $ 149 million) of ether (Et).
The company is building IVD.xyz, a platform for pockeenizing the pharmaceutical intellectual property and other health care ownership, which will run fully in Ethereum Smart contracts.
In a statement to CoinDesk, strategy officer Gary Deng said Ethereum was selected as the main owner because it was “the world’s most mature contract platform” with “super high liquidity” and growing institutional recognition, which teaches the US SEC approved an ETF spot.
IVD plans to use ETH for confirmation of on-chain ownership, automatic revenue distribution, and managing compliance with tokenized assets.
It will also serve as a settlement layer for the company’s planned IVDD Stablecoin, which activates cross-border transactions within the US and US compliance frameworks. Income from RWA transactions will be automatically converted to ETH and deposited to Treasury.
IVD also aims to deploy ETH to staking, re-staking, and on-chain derivatives to boost return and liquidity while increasing downside protection. Moving puts IVD next to a small group of companies listed in HKEX with crypto wealth, mostly favored by bitcoin
.
Boyaa interactive (0434.hk) Handles more than 3,100 BTCs worth more than US $ 300 million after converting almost all its ether to Bitcoin. Daughter (1357.hk) Bought about 31,000 ETH and 940 BTC in 2021 Before Exit those positions.
The other smaller bitcoin holder is included Yuxing Infotech (8005.hk) with 78 btc, Month Inc. (1723.hk) with 18.88 BTC, and Walnut capital (0905.hk) with 10 BTC from a shareholder donation.
The move IVD is made as part of a Widely announcement of partnership with Hashkey Groupwhich runs the Hong Kong hashkey exchange.
Read more: Sharpink raised $ 200m to direct offer to raise ETH holdings to $ 2B
