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Investing.com -- Shineco Inc. (NASDAQ:SISI) stock rose 6.1% in Wednesday’s premarket following the announcement of a strategic cooperation agreement with Singapore-based BICC Pte Ltd to jointly promote "on-chain cell assets" across multiple institutions and scenarios.
The partnership aims to advance the real-world asset (RWA) ecosystem from technical integration to practical application, creating a cross-enterprise redeemable system for cell assets on the blockchain. Under the agreement, BICC’s induced pluripotent stem cell (iPSC) storage services will be integrated into Shineco’s blockchain system, allowing users holding "Cell Reimbursement Vouchers" to redeem them at designated BICC locations.
This collaboration builds on Shineco’s previous initiatives, including establishing a Cell Digital Division, partnering with Plus Me Limited for on-chain cell asset management, and acquiring a 51% stake in Xi’an Dong’ao Health Management Co., Ltd.
In the partnership, Shineco will focus on cell quality and offline network standardization, while BICC will emphasize user services and scenario integration. BICC’s distribution network of over 3,000 sales representatives will serve as extended nodes of Shineco’s "storage + reinfusion" network, addressing inefficiencies in traditional cross-regional cell service circulation.
The companies will also collaborate with technical partners to adapt on-chain modules and compliance tools, ensuring all initiatives adhere to local regulations and internal risk controls. Plus Me will provide full-lifecycle digital management for Shineco’s compliant mesenchymal stem cells on the Ethereum mainnet.
Jennifer Zhan, CEO of Shineco, noted that the company is "transitioning from a single technical service provider to a global cell economy infrastructure provider."
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