Jiuzi Holdings Joins Forces with SOLV Foundation for $2.8B Bitcoin Initiative

Major Partnership Between Jiuzi Holdings and SOLV Foundation

In a groundbreaking announcement, Jiuzi Holdings, Inc. (NASDAQ: JZXN) has revealed a strategic cooperation with the SOLV Foundation, a notable entity in cross-chain Bitcoin staking and structured finance. This partnership signifies a commitment to innovation in the landscape of cryptocurrency and sets the stage for enhanced capital efficiency via Bitcoin.

Overview of the Partnership

Under the terms of this partnership, which focuses on a total value locked (TVL) of $2.8 billion in Bitcoin assets, Jiuzi intends to optimize its treasury strategy by integrating Bitcoin as its principal digital asset. By leveraging SOLV's established platform, the company aims to enhance the security and management of its Bitcoin holdings. The partnership includes the utilization of regulated third-party custodians, thereby ensuring transparency, and adherence to institutional audit standards.

Jiuzi Holdings is not only seeking to solidify its position as a key player in the cryptocurrency domain but also aims to redefine its operations with Bitcoin-centric decentralized finance (DeFi). This move is expected to transform the model of finance by expressing an intention to streamline liquidity aggregation and staking methods impactful in the growing saga of digital assets.

Steering Committee Formation

Both companies have also established a Steering Committee composed of senior representatives, which will be responsible for driving initiatives that embrace the collaboration's shared vision. This committee will push forward the adoption of SolvBTC across various networks while exploring innovative financial structures like tokenized real-world assets and structured yield products. The intention is to broaden market penetration and ensure a robust exchange ethos between traditional finance and cryptocurrency.

Shared Vision and Compliance

The collaboration is driven by shared goals to establish a Bitcoin-focused financial framework that aligns with regulatory compliance, particularly adhering to U.S. Securities and Exchange Commission (SEC) guidelines. Jiuzi's CEO, Mr. Li Tao, has expressed confidence, stating, “This partnership signifies a transformative advancement, refining our strategy regarding Bitcoin vaults and aligning our firm with one of the premier platforms in Bitcoin liquidity and staking.”

Meanwhile, Ryan Chow, Co-Founder of SOLV, also reiterated the importance of this collaboration, emphasizing the alliance's capacity to facilitate secure institutional investment into the world of crypto by binding traditional finance with cutting-edge technology.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. is recognized as a leader in the field of NEV intelligent charging solutions in lower-tier cities of China. Specializing in high-power DC fast charging stations entwined with energy storage, the Company is gearing up for continued expansion over the next few years in alignment with China’s carbon neutrality objectives and the push for sustainable transport solutions. For more details about their operations and strategic objectives, please visit their official website at jzxn.com.

This collaboration with SOLV Foundation not only marks an important milestone in Jiuzi's corporate journey but also sets a promising future for both entities in the rapidly evolving landscape of cryptocurrency. As pioneering forces in their respective fields, this partnership will likely influence the trajectory of Bitcoin liquidity and institutional adoption for years to come.