#USA #New York #Crypto Investment #Token Cat #Sav Persico

Token Cat Limited Unveils $1 Billion Crypto Asset Policy

Token Cat Limited, a public company listed on the Nasdaq under the symbol TC, has made a bold move by formally approving a policy to invest up to $1 billion in selected crypto assets. This substantial shift in investment strategy comes following the recent appointment of Sav Persico as Chief Operating Officer. With over three decades of experience in the cryptocurrency and blockchain sectors, Persico is expected to play a pivotal role in implementing this new policy.

Outline of the New Crypto Investment Policy

The newly approved crypto investment policy allows Token Cat to allocate a portion of its cash reserves towards various selected digital assets. The decision follows a thorough evaluation that aligns with the company’s long-term asset strategy.

CEO Guangsheng Liu stated, "This initiative marks a significant step toward bolstering our asset strategy. Sav's extensive experience in cryptocurrency and blockchain will be invaluable in executing this plan with effective leadership and discipline."

Key Features of the Policy

1. Defined Capital Limit and Authorization: The Board of Directors has established a general allocation cap of up to $1 billion for digital asset planning. Implementation will occur in phases, contingent on market conditions, risk assessments, and capital management needs.

2. Selective Asset Allocation: The initial focus will be on investing in emerging cryptocurrency projects that show strong growth potential. This includes assets related to artificial intelligence, blockchain initiatives, and hybrid token-capital models. Any future expansions to other asset categories will need reevaluation and approval from the Board's Risk Committee.

3. High-Level Custody Standards: In a significant move aimed at safeguarding investor interests, the company has decided against self-custody for the acquired crypto assets.

4. Enhanced Governance and Oversight Structure: To ensure rigorous management and risk control, Token Cat has established a dedicated Crypto Asset Risk Committee led by the Chief Financial Officer, which will oversee asset allocation, manage risk controls, and report regularly to the Board of Directors.

Persico commented, "It is an honor to take on this responsibility at such a crucial time. Our view of crypto assets is that they are a store of long-term value rather than speculative tools, aiming to improve resilience amid macroeconomic uncertainties. I look forward to driving our crypto strategy forward and enhancing collaboration within the industry for sustainable growth."

Prospective Statements

It is important to note that this announcement includes forward-looking statements, which are subject to risks and uncertainties. Additional factors are described in the documents that Token Cat has filed with the SEC. The company holds no obligation to update these statements unless legally required.

With this transformation, Token Cat Limited aims to establish itself as a strong player in the evolving crypto landscape, navigating the complexities of emerging technologies while adhering to robust management practices. The market watch will be keenly trained on Token Cat's performance as it embarks on this ambitious investment journey, setting a potentially influential precedent in how traditional companies can engage with digital assets.