EDA Group Holdings Limited: $5 Million Cryptocurrency Investment

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 as part of the company’s diversification strategy.

EDA Plans $5 Million Cryptocurrency Investment

The proposed investment aims to integrate cryptocurrency into the Group’s asset portfolio, focusing on long-term value appreciation.

According to the official statement, EDA also intends 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 transparency and efficiency in global supply chains, enable cryptocurrency B2B settlements, and incorporate Web3 technology into cross-border trade infrastructure.

This strategic investment aims to mitigate risks associated with market volatility and large investments. The Group plans to avoid frequent trading and will make purchases based on market conditions. A dedicated team will manage cryptocurrency operations, ensuring compliance with relevant regulations and risk management.

While no cryptocurrency purchases have been made yet, the company commits 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 act as a virtual asset custodian, responsible for the secure and compliant purchase and storage of 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.