AiRWA receives $30 million in Solana tokens, completes tokenized stock tests

SMYRNA, Delaware - Digital asset company AiRWA Inc. (NASDAQ:YYAI), currently valued at $36.55 million in market capitalization, announced Tuesday it has received an investment of approximately $30 million in Solana tokens, according to a press release statement.

The company said the investment will strengthen AiRWA Exchange’s financial foundation and support its strategy to integrate Solana as a core asset for major trading pairs on its platform. According to InvestingPro data, AiRWA maintains strong financial health with a current ratio of 3.54 and holds more cash than debt on its balance sheet.

AiRWA also reported completing test runs for settling trades of tokenized U.S. equities, positioning the company to offer blockchain-based trading of digital representations of U.S. stocks.

Unlike traditional brokerage firms that have begun offering tokenized stocks, AiRWA Exchange aims to cater specifically to cryptocurrency enthusiasts by enabling tokenized U.S. stocks to be traded like other digital assets, with transactions settling within seconds on blockchain and accessible 24 hours daily. The company’s innovative approach has contributed to impressive financial results, with InvestingPro showing a remarkable 246% return over the past six months and maintaining robust gross profit margins of 76%.

The company plans to initially launch this service to approximately 4 million users from the ecosystem of its joint venture partner, JuCoin.

"We are excited to leverage our partnerships to revolutionize the trading experience for tokenized stocks and other digital assets," said Hongyu Zhou, Chairman of AiRWA.

AiRWA Inc. operates through its majority-owned subsidiary, Yuanyu Enterprise Management Co., Limited, which owns patents and proprietary technology licensed to partners worldwide. The company is expanding its presence in the Web3 space through AiRWA Exchange, focusing on tokenization of real-world assets.

In other recent news, Connexa Sports Technologies Inc. has announced several significant developments. The company has entered into a $500 million joint venture with JuCoin Capital to launch a new cryptocurrency exchange named aiRWA. Both Connexa and JuCoin will contribute $250 million each, with Connexa holding a 51% stake in the venture. This joint venture aims to focus on real-world asset tokenization and is expected to be established within 120 days. Additionally, Connexa Sports Technologies has made changes to its board of directors, with Hai Bin Cui being appointed to the board and audit committee following the resignation of Kong “Luke” Liu. These recent developments highlight Connexa’s strategic moves in the cryptocurrency and corporate governance sectors.

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