Golden Elephant has signed a strategic cooperation agreement with CoinUp.io, planning to purchase 10 million CP tokens in the first phase, and intends to promote the allocation of 200 million USD in CP assets by Hong Kong and US listed companies in the near future

Golden Elephant Information Technology Limited (referred to as GE) announced a strategic cooperation with CoinUp.io. Both parties will engage in deep collaboration in the field of financial asset blockchainization, jointly promoting the connection and development of Web2 financial assets and the Web3 on-chain ecosystem.

According to the agreement, GE and CoinUp.io have reached a consensus on future strategic directions, recognizing that "the blockchainization of traditional financial assets" is a core trend in industry development. GE believes that CoinUp.io's public chain CP Chain has great potential in bridging centralized exchanges and decentralized on-chain assets.

At the same time, the CoinUp platform token CP has been deeply integrated into the exchange ecosystem, including new coin subscriptions, participation in on-chain projects, fee reductions, governance voting, and other aspects, and is regarded as the most important and unique strategic asset of the exchange.

GE has purchased 10 million CP tokens in the first phase and plans to promote several Hong Kong and U.S. listed companies to gradually allocate about $200 million in CP assets in the near future, in order to support the ecological construction of CoinUp.io and allow more investors to share in the growth dividends of CoinUp.io.