Hong Kong’s IVD Medical Adds $19M Ether to Its Treasury
Main Idea
IVD Medical Holdings has purchased $19 million worth of ether (ETH) to support its ivd.xyz tokenization platform and staking strategies, positioning ETH as a key asset for its operations.
Key Points
1. IVD Medical Holdings bought $19 million (HK$149 million) of ether (ETH) to serve as the backbone of its ivd.xyz tokenization platform and for staking strategies.
2. The company plans to use ETH for on-chain ownership confirmation, automated revenue distribution, compliance governance, and as the settlement layer for its planned IVDD stablecoin.
3. Revenue from real-world asset (RWA) transactions will be automatically converted into ETH and deposited into the treasury.
4. IVD also intends to deploy ETH into staking, re-staking, and on-chain activities.
5. The move aligns IVD with other HKEX-listed companies holding crypto treasuries, though most favor bitcoin over ETH.
6. The purchase was part of a broader partnership announcement with HashKey Group, which operates the Hong Kong-licensed HashKey exchange.
Description
Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it. IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy. The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts. In a statement to CoinDesk, Chief Strategy Officer ...
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