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NewGenIvf Group Limited (NIVF) (“NewGen” or the “Company”), a comprehensive fertility services provider in Asia helping couples and individuals obtain access to fertility treatments, today announced plans to invest US$30 million in staking the digital asset Solana, marking a substantial expansion of the company’s digital asset investment strategy. The investment will be funded through existing credit facilities of US$26 million and US$100 million with ATW and White Lion, respectively.
Solana is recognized as one of the leading blockchain platforms, known for its high-speed transaction processing capabilities and growing ecosystem of decentralized applications. Solana’s staking mechanism allows token holders to earn rewards derived from the network’s inflation mechanism while simultaneously supporting network security and decentralization. By aligning with Solana, NewGen is strategically positioning to harness the power of a platform that is shaping the future of decentralized technology, offering immense potential for growth and innovation.
This strategic move builds upon NewGen’s initial entry into the digital assets space with a US$1 million Bitcoin investment completed in December 2024. The decision underscores management’s continued confidence in the long-term potential of blockchain-based assets and decentralized finance protocols. As part of its expanded digital asset strategy, the Company plans to establish a dedicated subsidiary focused specifically on digital asset operations and investments, providing enhanced operational focus and strategic flexibility as NewGen forges ahead.
Mr. Siu Wing Fung Alfred, Founder, Chairman, and CEO of NewGen, commented, “This investment represents a natural evolution of our digital asset strategy and positions us strategically within the burgeoning digital assets space. The decision to scale our investment from our initial $1 million Bitcoin position to this substantial $30 million Solana commitment reflects our growing conviction in digital assets as a legitimate asset class. We believe Solana’s robust ecosystem and staking opportunities provide compelling value creation potential for our shareholders while diversifying our investment portfolio in this transformative technology sector, and we are eager to reap the potential rewards of this staking.”