Nasdaq-listed company SunCar plans to invest $10 million in cryptocurrency

ChainCatcher news, Nasdaq-listed company SunCar announced that its board has authorized an investment of $10 million to purchase a portion of mainstream cryptocurrencies, which are 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 fields of digital auto insurance and automotive services.