Zhongchi Chefu announces acquisition of digital assets valued at $1.87 billion for $1.1 billion

ChainCatcher News: Zhongchi Chefu Internet Technology Co., Ltd. announced that it has completed negotiations to acquire approximately $1.87 billion worth of high-quality digital assets from a crypto organization for about $1.1 billion.

The acquisition includes mainstream crypto assets, high-growth potential public chain ecosystem tokens, infrastructure assets related to stablecoins and compliant payment systems, as well as equity and tokens of multiple high-quality projects. Additionally, Zhongchi Chefu’s US subsidiary has reached a preliminary cooperation agreement with the crypto giant, and the two parties will collaborate deeply on the development of the Digital Asset Repository (DAT), building compliant crypto payment infrastructure, and expanding multi-scenario payment ecosystems, jointly creating and leading the global digital asset and crypto payment markets. Zhongchi Chefu management stated that this countercyclical digital asset acquisition marks the company’s transition from “traditional asset allocation” to a new era of “global diversified digital asset allocation.”

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Canada Advances CAD Stablecoin With Deloitte Partnership

Deloitte Canada is partnering with Stablecorp to build a new stablecoin payment system for Canadian institutions. The project introduces QCAD, a Canadian dollar-pegged stablecoin designed to make payments faster, cheaper, and more transparent. By combining blockchain technology with traditional

Coinfomania15m ago

Crypto-friendly fintech Revolut sees profit soar 57% to $2.3 billion in 2025

Revolut reported record earnings in 2025, with a 57% profit increase to $2.3 billion and a 46% revenue rise to $6 billion. The company expanded its services, added 16 million users, and aims for 100 million customers by 2027, investing $13 billion in growth.

CoinDesk17m ago

Revolut's 2025 Profit Reaches $2.3 Billion, Creating a Historical Record, Global Expansion Moves Toward the US Market

British fintech company Revolut expects pretax profits to reach £1.7 billion in 2025, representing a 57% year-over-year increase. Its total revenue grew 46%, benefiting from technology-driven operations and diversified business layout. Revolut is transforming into a global bank and plans to expand in the US market, with an estimated 2025 valuation of $75 billion. This achievement has garnered industry attention and may serve as a benchmark for other fintech companies.

GateNews3h ago

Productive Stablecoins: Closing the $300B Efficiency Gap

This essay discusses the inefficiencies of stablecoins, highlighting that 90% are unproductive and act as a hidden tax. It identifies a significant opportunity within DAO treasuries and DEX liquidity, as well as emerging solutions like HyENA and Solomon that aim to enhance yields for users.

CoinDesk4h ago

Tron Expands AI Fund To 1 Billion To Back Agentic Economy Projects

_Tron expands AI Fund to $1B and launches OWS supporting multi chain wallets with local key storage and secure transaction signing_ Tron Expands AI Fund To 1 Billion To Back Agentic Economy Projects as the network increases its focus on AI and blockchain integration. The updated fund targets e

LiveBTCNews4h ago

Digital Assets ETP Landscape: Past, Present and Future

Digital asset ETPs saw a peak of over $250B, ending 2025 with $184B AUM, mainly driven by Bitcoin products. The market is evolving, with over 125 new filings indicating a trend toward diversified asset offerings.

CoinDesk4h ago
Comment
0/400
No comments