PANews reported on September 19th that, according to Businesswire, SunCar Technology Group (NASDAQ: SDA), a digital auto insurance and automotive services provider, announced that its board of directors has authorized the company to invest up to $10 million in selected major cryptocurrencies that are expected to benefit from the rapid development of real-world asset (RWA) tokenization. Furthermore, SunCar is exploring strategies to integrate blockchain and risk-weighted asset (RWA) tokenization into its existing cloud-based digital insurance business model.PANews reported on September 19th that, according to Businesswire, SunCar Technology Group (NASDAQ: SDA), a digital auto insurance and automotive services provider, announced that its board of directors has authorized the company to invest up to $10 million in selected major cryptocurrencies that are expected to benefit from the rapid development of real-world asset (RWA) tokenization. Furthermore, SunCar is exploring strategies to integrate blockchain and risk-weighted asset (RWA) tokenization into its existing cloud-based digital insurance business model.
Publicly listed SunCar plans to invest up to $10 million in real-world asset cryptocurrencies
PANews reported on September 19th that, according to Businesswire, SunCar Technology Group (NASDAQ: SDA), a digital auto insurance and automotive services provider, announced that its board of directors has authorized the company to invest up to $10 million in selected major cryptocurrencies that are expected to benefit from the rapid development of real-world asset (RWA) tokenization. Furthermore, SunCar is exploring strategies to integrate blockchain and risk-weighted asset (RWA) tokenization into its existing cloud-based digital insurance business model.
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