ChainCatcher News: Zhongchi Chefu Internet Technology Co., Ltd. announced that it has completed negotiations to acquire approximately $1.87 billion worth of high-quality digital assets from a crypto organization for about $1.1 billion.
The acquisition includes mainstream crypto assets, high-growth potential public chain ecosystem tokens, infrastructure assets related to stablecoins and compliant payment systems, as well as equity and tokens of multiple high-quality projects. Additionally, Zhongchi Chefu’s US subsidiary has reached a preliminary cooperation agreement with the crypto giant, and the two parties will collaborate deeply on the development of the Digital Asset Repository (DAT), building compliant crypto payment infrastructure, and expanding multi-scenario payment ecosystems, jointly creating and leading the global digital asset and crypto payment markets. Zhongchi Chefu management stated that this countercyclical digital asset acquisition marks the company’s transition from “traditional asset allocation” to a new era of “global diversified digital asset allocation.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
2025 Turing Award Announced: Developer of Quantum Key Distribution Protocol BB84 Wins Prize
The 2025 Turing Award has been awarded to IBM Fellow Charles H. Bennett and University of Montreal Professor Gilles Brassard in recognition of their pioneering contributions to quantum information science, particularly the development of the BB84 quantum key distribution protocol, which laid the foundation for quantum cryptography.
GateNews49m ago
Tokenized Stock Market Size Breaks $4 Billion, Growing 40x Since Early 2025
Gate News report states that as of March 19, the tokenized stock market has grown from less than 100 million dollars at the beginning of 2025 to over 4 billion dollars, representing an increase of more than 40 times.
GateNews2h ago
1 Inch Forward Advocates for American Universities to Include More Financial Jurisprudence and DeFi Courses
A coalition comprised of more than 20 decentralized finance organizations has released an open letter calling on American universities to strengthen DeFi-related curricula to meet growing market demand. The 1inch Forward movement has gained support from multiple institutions and will launch a campus tour starting March 27th at the University of Pennsylvania, aiming to enhance students' professional capabilities through internship opportunities and reduce operational risks in the industry.
ChainNewsAbmedia8h ago
A Certain CEX Survey: 74% of Institutions Expect Cryptocurrency Market to Rebound in the Next 12 Months, Allocation Willingness Continues to Strengthen
Despite the crypto market's pullback since last year, the latest survey shows that institutional investor confidence remains solid, with 73% planning to increase digital asset allocation by 2026, and 74% expecting market recovery over the next 12 months. Most institutions prefer to invest through regulated instruments while focusing on regulatory clarity and risk management.
GateNews12h ago
Etherscan Launches Proxy Contract Historical Upgrade Records Feature
Etherscan launched the "Historical Proxies" tab on March 18, allowing users to view the complete upgrade history of proxy contracts, including implementation contract addresses and transaction records. This feature supports detection of upgrade events across mainstream EIP standards, while optimizing the verification process and reducing the need for manual confirmation.
GateNews15h ago
