EDA Group Holdings Limited Cryptocurrency Investment

Hong Kong-listed firm, EDA Group Holdings Limited, has announced a proposed investment in cryptocurrencies as part of its AI + Blockchain business strategy. The Board of Directors has approved a plan to invest up to USD 5 million in cryptocurrency, aimed at diversifying the company’s asset portfolio.

EDA Plans $5 Million Cryptocurrency Investment

The proposed investment is designed to incorporate cryptocurrency into the Group’s assets, focusing on long-term value appreciation.

According to the official statement, EDA also aims to leverage blockchain technology to enhance its cross-border e-commerce logistics operations. By establishing a “blockchain-based warehouse network,” EDA Group intends to improve transparency and efficiency in global supply chains, facilitate cryptocurrency B2B settlements, and integrate Web3 technology into cross-border trade infrastructure.

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

While no cryptocurrency purchases have occurred yet, the company is committed to keeping shareholders informed through separate announcements as transactions take place.

As part of this initiative, the company has signed a trust agreement with Ouke Cloud Chain Trust Co., Ltd., a licensed trust company in Hong Kong. Ouke Cloud Chain Trust will act as the virtual asset custodian, responsible for the secure and compliant acquisition and storage of cryptocurrencies. Ouke Cloud Chain Trust, an indirect subsidiary of OKC Cloud Chain Holdings Limited (1499.HK), holds extensive experience in blockchain technology, virtual asset trust services, and compliance.