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Connexa Sports Technologies Inc. Signs Contract with Inca Digital to Strengthen Security Framework for aiRWA Exchange
Globenewswire· 2025-09-24 12:00
Core Insights - Connexa Sports Technologies Inc. has signed a service agreement with Inca Digital to support its joint venture with JuCoin Capital, focusing on the aiRWA platform for tokenizing real-world assets [1][4] - The aiRWA initiative is a $500 million project aimed at enhancing the exchange ecosystem's integrity through advanced monitoring and compliance capabilities provided by Inca Digital [2][5] Company Overview - Connexa Sports Technologies Inc. operates through its subsidiary, Yuanyu Enterprise Management Co., Limited, and holds advanced patents and proprietary technology for digital matchmaking solutions [6] Partnership Details - Inca Digital is recognized for its expertise in digital asset intelligence and security, having worked with major companies and U.S. federal agencies [3] - The collaboration aims to integrate compliance and security measures into the aiRWA platform from the outset, enhancing its operational standards [5] Strategic Goals - The partnership is expected to improve transparency, risk management, and regulatory alignment, which are crucial for the adoption of aiRWA by institutional and retail investors [5] - Inca Digital's involvement is part of its global growth strategy, particularly in expanding its presence in key digital asset markets in Asia [5] Technical Capabilities - Inca Digital will provide ecosystem mapping to identify threats, monitor for scams and fraud, analyze market data for manipulation, and deliver actionable outcomes through real-time alerts and collaboration with regulators [8]
Connexa Sports Technologies (Nasdaq: YYAI) and JuCoin File $500 Million Definitive Agreement to Launch aiRWA
Globenewswire· 2025-08-29 12:00
Core Insights - Connexa Sports Technologies Inc. (YYAI) and JuCoin Capital Pte Ltd have filed a $500 million definitive agreement to establish aiRWA, a digital asset platform focused on real-world asset tokenization [1][2][3] Company Overview - YYAI will contribute $250 million in cash and digital assets, while JuCoin will match this amount, aiming to bridge traditional and digital finance [3] - JuCoin is recognized in the digital finance sector with a global platform that includes asset management and blockchain infrastructure, while YYAI brings experience in traditional finance and public company governance [4] Industry Focus - The venture targets the emerging market for real-world asset (RWA) tokenization, which aims to digitize traditional investments like real estate and government bonds, enhancing transparency and accessibility [2] - The partnership is expected to accelerate the adoption of digital financial solutions while ensuring compliance and transparency standards [4][5]
Connexa and JuCoin Sign $500 million Agreement to Launch a New Cryptocurrency Exchange focused on RWA
Globenewswire· 2025-08-25 12:00
Core Insights - Connexa Sports Technologies Inc. (YYAI) and JuCoin Capital Pte Ltd have entered a $500 million agreement to establish aiRWA, a cryptocurrency exchange focused on real-world assets (RWA) [1][3] - The partnership aims to bridge traditional finance and the decentralized economy, leveraging both companies' strengths in digital asset innovation and traditional finance [3][5] - A new stablecoin, USDR, will be launched in Asia as part of their collaboration, targeting the growing stablecoin market, which exceeds $240 billion [7][10] Company Overview - JuCoin is a leading cryptocurrency exchange based in Singapore, recognized for its all-in-one digital asset platform and blockchain infrastructure [2] - YYAI, listed on Nasdaq, has expertise in traditional finance and capital markets, enhancing the partnership's potential [2] Strategic Initiatives - The joint venture will see both parties contribute $250 million each to launch aiRWA, focusing on RWA crypto trading [5][6] - aiRWA will provide deep liquidity, advanced cross-chain technology, and support for multi-asset trading, including NFTs and DeFi tokens [8] Stablecoin Development - The collaboration will drive growth in the stablecoin sector, with a focus on launching USDR and developing next-generation financing solutions [7][10] - The partnership will also explore cross-border payments and smart contract applications to expand the stablecoin ecosystem [9] Technological Advancements - The strategic memorandum includes joint R&D in AI applications to enhance financial technology and improve user experiences [10][11] - Both companies are committed to regulatory compliance and security, ensuring a sustainable and efficient digital financial ecosystem [14][15]