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HONG KONG - Nano Labs Ltd (NASDAQ:NA), a $120 million market cap technology company whose stock has declined over 40% year-to-date according to InvestingPro data, has signed a Memorandum of Understanding (MoU) with TradeUP Securities Inc. to develop tokenized U.S. equities through regulated channels, the company announced Tuesday.
Under the agreement, Nano Labs will provide Web3 technical solutions including blockchain infrastructure and smart contract deployment, while TradeUP Securities will contribute its expertise in custody, clearing, and settlement for U.S. stocks. The announcement comes as Nano Labs faces challenging market conditions, with InvestingPro data showing an 11% decline in the past week and significant price volatility.
The collaboration aims to bring U.S. equities onto blockchain technology in a regulated manner, subject to applicable laws and regulatory approvals. The companies plan to develop pilot programs, implement compliance protocols, and explore necessary regulatory requirements.
"Tokenization offers the potential to expand access, enhance efficiency, and enable new use cases in capital markets," said Dr. Kailong Cai, CEO of Nano bit, a wholly-owned subsidiary of Nano Labs.
Lei Huang, CEO of TradeUP Securities, stated: "As a global brokerage group with a FINRA-registered subsidiary in the U.S., we remain committed to investor protection and regulatory compliance."
The partnership aligns with Nano Labs' mission to apply blockchain infrastructure to financial use cases. Nano Labs describes itself as a Web 3.0 infrastructure and product solution provider focused on high throughput computing and high-performance computing chips.
The announcement was made in a company press release statement. For deeper insights into Nano Labs' financial health, performance metrics, and growth potential, investors can access comprehensive analysis through InvestingPro, which offers exclusive access to detailed financial metrics, Fair Value calculations, and expert research reports covering over 1,400 US-listed companies.
In other recent news, Nano Labs Ltd has announced several significant developments. The company has entered into an At The Market Offering Agreement with Maxim Group LLC to sell Class A Ordinary Shares, aiming to raise up to $45 million. The proceeds are intended for its BNB and crypto asset reserve strategy, research and development, and general corporate purposes. Additionally, Nano Labs has made a strategic equity investment in CEA Industries Inc., acquiring 495,050 shares at $10.10 per share, along with warrants that could potentially increase their holdings. In another notable move, Nano Labs has increased its BNB cryptocurrency holdings to 128,000 tokens, valued at over $108 million. The company also transitioned from the Nasdaq Capital Market to the Nasdaq Global Market, effective September 19, 2025. These recent developments highlight Nano Labs' ongoing efforts to bolster its financial and strategic position.
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