NASDAQ-listed company SunCar plans to allocate $10 million for the purchase of cryptocurrency

BlockBeats News, September 18th, Nasdaq-listed company SunCar announced that its board of directors has authorized a $10 million investment to purchase a portion of mainstream cryptocurrencies expected to benefit from the rapid growth of Risk-Weighted Asset (RWA) tokenization.

From a strategic perspective, SunCar believes that blockchain integration and Risk-Weighted Asset (RWA) tokenization represent a natural evolution of its AI-based cloud technology in the digital car insurance and automotive service sectors. (Businesswire)