JuCoin and Connexa form $500 million joint venture for RWA exchange

SINGAPORE - Cryptocurrency exchange JuCoin and Connexa Sports Technologies Inc. (NASDAQ:YYAI), a rapidly growing company with 146.7% revenue growth in the last twelve months and an impressive 76.78% gross profit margin, announced Monday a $500 million joint venture to create aiRWA, a new exchange platform focused on real-world asset tokenization.

The partnership involves each company contributing $250 million to develop infrastructure spanning exchange operations, digital asset custody, and integrated fiat services, according to a company press release. According to InvestingPro, Connexa maintains a healthy financial position with a current ratio of 3.45, indicating strong liquidity to support such strategic investments.

The new platform aims to address what the companies describe as a potential market opportunity in tokenized assets that industry projections suggest could reach between $10-16 trillion by 2030.

"This partnership represents a fundamental shift in how traditional assets access blockchain technology benefits," said JuCoin CEO Sammi Li in the statement.

The joint venture will also develop a new Asia-focused stablecoin called USDR, alongside cryptocurrency index funds, blockchain-themed ETFs, and digital securities issuance systems.

JuCoin, founded in 2013, brings its digital asset platform with over 50 million global users to the partnership, while Nasdaq-listed Connexa contributes traditional finance expertise and regulatory compliance frameworks.

Development of the aiRWA platform is expected to continue throughout 2025 with initial capabilities launching by year-end. Both companies stated they are engaging with regulatory authorities to ensure compliance across Asia-Pacific and North American markets. Connexa’s stock has shown remarkable momentum, with a 295.16% return year-to-date. InvestingPro analysis suggests the stock is currently trading near its Fair Value, with additional insights available to subscribers.

The venture represents another significant entry into the growing sector of tokenized real-world assets, which enables fractional ownership of physical assets including real estate, government bonds, and commodities through blockchain technology.

In other recent news, Connexa Sports Technologies Inc. announced a private placement agreement, raising $4.6 million through the issuance of 20 million units. Each unit comprises one share of common stock and two warrants, priced at $0.23 per unit. The warrants, which have an exercise price of $0.89 per share, come with a five-year exercise period. The terms of the warrants allow for adjustments in the event of corporate actions like stock splits or dividends. Additionally, if a registration statement is not effective at the time of exercise, the warrants can be exercised on a cashless basis. This development was disclosed in a filing with the Securities and Exchange Commission. These recent developments provide insight into the company’s financial strategies and capital-raising efforts.

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