Hong Kong’s IVD Medical Adds Crypto to Treasury With $19M ETH Buy
Another Hong Kong company is adding crypto to its treasury, but it wants to do more than passively hold it.
IVD Medical Holdings has purchased $19 million (HK$149 million) of ether (ETH), positioning the asset at the center of its real-world asset tokenization strategy.
The company is building ivd.xyz, a platform for tokenizing pharmaceutical intellectual property and other healthcare assets, which will run entirely on Ethereum smart contracts.
In a statement to CoinDesk, Chief Strategy Officer Gary Deng said Ethereum was chosen as the core asset because it is “the world’s most mature smart contract platform” with “extremely high liquidity” and growing institutional recognition, pointing to the U.S. SEC’s approval of a spot…
