Hong Kong-listed firm, EDA Group Holdings Limited has announced a proposed investment in cryptocurrencies, aligning with its AI + Blockchain business development strategy. The Board of Directors has approved a plan to invest up to USD 5 million in cryptocurrency, for the company’s diversification strategy.
EDA Plans $5 Million Cryptocurrency Investment
The proposed investment is designed to integrate cryptocurrency into the Group’s asset portfolio, with a focus on long-term value appreciation.
As per the official statement, EDA also aims to leverage blockchain technology to enhance its cross-border e-commerce logistics operations. By building a “blockchain-based warehouse network,” EDA Group seeks to improve the transparency and efficiency of global supply chains, enable cryptocurrency B2B settlements, and integrate Web3 technology into cross-border trade infrastructure.
This strategic investment aims to mitigate risks associated with market volatility and large investments. The Group will not engage in frequent trading but will instead make purchases based on market conditions. A dedicated team will oversee cryptocurrency operations, ensuring compliance with relevant regulations and managing risk.
While no cryptocurrency purchases have been made yet, the company has committed to updating shareholders through separate announcements when transactions occur.
As part of the plan, the company has signed a trust agreement with Ouke Cloud Chain Trust Co., Ltd., a licensed trust company based in Hong Kong. Ouke Cloud Chain Trust will serve as the virtual asset custodian, responsible for the secure and compliant purchase and storage of the cryptocurrencies. Ouke Cloud Chain Trust, an indirect subsidiary of OKC Cloud Chain Holdings Limited (1499.HK), has extensive experience in blockchain technology, virtual asset trust services, and compliance.
