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HONG KONG - Nano Labs Ltd (NASDAQ:NA), a micro-cap technology company with a market capitalization of $95.59 million, announced the launch of its new strategic initiative called the Next Big BNB Program, focusing on developing Real World Assets (RWA) infrastructure on BNB Chain.
The program aims to create a comprehensive RWA infrastructure and compliance ecosystem spanning multiple asset classes including equities, bonds, new energy and real estate, according to a press release issued by the company.
Under the initiative, Nano Labs will concentrate on developing foundational support for asset tokenization, custody, auditing, rating and regulatory compliance frameworks. The company also plans to accelerate the incubation of RWA projects that prioritize compliance, transparency and security.
"Nano Labs will work closely with BNB Chain to build an open, diverse, compliant and highly transparent RWA ecosystem, driving the next growth cycle of Web3," said Jianping Kong, Chairman and CEO of Nano Labs.
The company describes itself as a Web 3.0 infrastructure and product solution provider focused on high throughput computing and high-performance computing chips. Nano Labs has previously positioned itself in the crypto assets space by adopting BNB as its primary reserve asset. According to InvestingPro data, the company has struggled financially with revenue of just $3.37 million in the last twelve months, representing a 52.49% decline. The stock has fallen 16.3% in the past week and is currently trading at $4.13, significantly below its 52-week high of $31.48.
The announcement comes as more blockchain companies explore ways to connect traditional financial assets with blockchain technology through tokenization initiatives. Investors should note that Nano Labs is rated as having "WEAK" financial health by InvestingPro, with the company not profitable over the last twelve months. The company is set to report earnings on December 1, which could provide further insights into its strategic initiatives and financial position. For deeper analysis on Nano Labs and 1,400+ other stocks, InvestingPro offers comprehensive research reports with actionable intelligence for smarter investing decisions.
In other recent news, Nano Labs Ltd has announced a share repurchase program worth up to $25 million over the next 12 months. This initiative will involve the repurchase of shares through various methods, including open market and privately negotiated transactions. Additionally, Nano Labs has signed a Memorandum of Understanding with TradeUP Securities Inc. to develop tokenized U.S. equities, leveraging Nano Labs’ Web3 technical solutions and TradeUP Securities’ expertise in custody and settlement. Furthermore, Nano Labs has been approved to transfer from the Nasdaq Capital Market to the Nasdaq Global Market, effective September 19, 2025. These recent developments indicate strategic moves by Nano Labs in expanding its market presence and enhancing its technological offerings.
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