The listed company SunCar plans to invest up to 10 million dollars in real-world asset cryptocurrency

ChainCatcher news, according to Businesswire, digital auto insurance and automotive service provider SunCar Technology Group (NASDAQ: SDA) announced that its board has authorized the company to invest up to $10 million in mainstream cryptocurrencies that are expected to benefit from the rapid development of real-world asset (RWA) tokenization.

In addition, SunCar is exploring strategies to integrate blockchain and risk-weighted asset (RWA) tokenization into its existing cloud-based digital insurance business model.