Zhongchi Chefu acquired $1.87 billion worth of digital assets from a crypto giant for $1.1 billion.

PANews reported on February 10th that Autozi Internet Technology (Global) Ltd. (AZI), a US-listed Chinese company, has successfully acquired approximately $1.87 billion worth of high-quality digital assets for $1.1 billion and reached a strategic cooperation agreement with a leading global cryptocurrency institution. This acquisition includes mainstream cryptocurrency assets, public blockchain ecosystem tokens, and stablecoin-related infrastructure, marking AZI's move from traditional asset allocation to a diversified global digital asset portfolio.

The two parties will jointly develop a digital asset vault (DAT) management system, build compliant encrypted payment infrastructure, and promote the expansion of the global encrypted payment market. AZI stated that this move will enhance the resilience of the company's asset structure, create long-term shareholder value, and contribute to its global competitiveness in the digital economy and fintech sectors.