Nasdaq-listed SunCar plans to spend $10 million to purchase cryptocurrencies.
BlockBeats News, on September 18, Nasdaq-listed company SunCar announced that its board of directors has authorized the use of $10 million to purchase a selection of major cryptocurrencies, which are expected to benefit from the rapid growth of risk-weighted asset (RWA) tokenization.
From a strategic perspective, SunCar believes that blockchain integration and risk-weighted asset (RWA) tokenization represent the natural evolution of its AI-based cloud technology in the fields of digital auto insurance and automotive services. (Businesswire)
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