Nasdaq-listed company RYVYL transforms to focus on cryptocurrency fund management business

ChainCatcher news, according to Globenewswire, Nasdaq-listed company RYVYL (stock code: RVYL) announced a strategic transformation, shifting its business focus to cryptocurrency asset management. The company plans to support long-term development by building a cryptocurrency treasury and will use cryptocurrency as a reserve asset to enhance financial resilience and strategic flexibility.

The transformation plan will begin in June 2025, and the company has incorporated digital asset acquisitions into its upgraded business plan. RYVYL CEO Fredi Nisan stated that this transformation reflects the company's long-term strategic approach to integrating digital assets into financial management.