AIxCrypto Inc. (NASDAQ: AIXC) Proposes Strategic Investment in Faraday Future
AIxCrypto Inc. (NASDAQ: AIXC) has announced its intention to purchase an initial tranche of $10 million in common stock from Faraday Future (NASDAQ: FFAI). This significant transaction is facilitated by an independent third party and aligns with AIxC's strategic deployment of blockchain technology, marking a critical step towards establishing its tokenized Real World Asset (RWA) business.
Details of the Proposed Investment
The non-binding term sheet represents a foundational move for AIxCrypto, leveraging its blockchain infrastructure. Should definitive agreements be secured, these shares will form the basis for AIxC’s first tokenized equity product. This initiative highlights AIxC's commitment to evolving the asset lifecycle through innovative technology.
Enhancing Access and Efficiency
This project is aimed at digitizing the equity issuance lifecycle, serving as a digital link between traditional capital markets and the emerging on-chain economy. The strategic investment in Faraday Future allows AIxC to:
- Unlock operational efficiencies
- Expand access for a digital-native investor base
- Leverage the programmability and liquidity of blockchain technology
AIxC intends to adhere to stringent governance standards throughout this process, ensuring compliance and maintaining investor confidence. Updates will be shared as developments arise regarding a binding agreement.
About AIxCrypto Inc.
AIxCrypto Inc. is a publicly traded company on the Nasdaq (NASDAQ: AIXC), focused on building a cutting-edge ecosystem that integrates artificial intelligence with blockchain technology. The company aims to bridge the gap between Web2 and Web3, with notable products including the BesTrade DeAI Agent and various ecosystem offerings.
Forward-Looking Statements
This announcement contains forward-looking statements that reflect AIxCrypto's expectations regarding future performance and potential developments. These statements are subject to numerous risks and uncertainties, including market conditions and regulatory challenges.
Investors are cautioned that actual results may differ materially from those projected. Factors such as financing abilities, regulatory environments, and competition can significantly impact AIxCrypto's performance. As such, readers should not place undue reliance on these forward-looking statements.