The listed company Scilex Holding has signed a memorandum of cooperation with Biconomy.com to jointly develop cryptocurrency strategies and asset management solutions

ChainCatcher news, according to GlobeNewswire, the U.S. publicly listed company Scilex Holding Company (NASDAQ: SCLX), which focuses on non-opioid pain management products, announced the signing of a non-binding, non-exclusive memorandum of understanding with Biconomy.com, with both parties collaborating on cryptocurrency and asset management strategies.

The cooperation includes three main areas: utilizing Biconomy's cryptocurrency trading platform to provide Scilex with global digital asset trading services, involving major cryptocurrencies such as Bitcoin and Ethereum, with a potential value exceeding one billion dollars for each cryptocurrency; establishing cryptocurrency asset management strategies for Scilex that balance security, liquidity, compliance, and returns; and providing Scilex with financial and trading information through Biconomy.com's technology to facilitate the monetization of digital assets.