Three AMTD Group companies affiliated on the New York Stock Exchange announced a program that would allow crypto holders to exchange digital assets for newly issued shares.
The main dishes to remember:
- The AMTD companies have proposed a crypto-forming exchange allowing investors to exchange Bitcoin, Ethereum, USDT, BNB and USDC for newly issued actions.
- The program is presented as a bridge between crypto and actions.
- The market reaction was mixed, with AMTD shares slightly up while AMTD Digital and TGE have decreased.
The initiative, unveiled on Tuesday, involves AMTD IDEA (AMTD), AMTD Digital (HKD) and the Generation Essentials Group (TGE).
As part of the plan, Bitcoin, Ethereum, Tether (USDT), BNB of Binance and USD (USDC) could exchange their tokens for actions, with prices determined to market values in force by a mutual agreement. The allowances could be distributed between the three transmitters.
AMTD Pitch Bridge Crypto-to-Equity for Investors
Companies have described the program as a “conduit and effective means” to diversify portfolios, positioning it as a bridge between digital assets and traditional stock markets.
The proposal also covers American deposit shares (ADS), giving participants an exhibition to titles negotiated in the United States linked to foreign issuers.
AMTD has highlighted its wider ecosystem in the context of the offer. Based in France with operations in Singapore, the group manages companies in the media, marketing, investments and hospitality.
TGE has the title of the official fashion and the art journal, alongside entertainment companies and premium properties.
The companies have declared that these assets would be used to offer VIP experiences, financial education and leisure opportunities alongside action emissions.
Despite the ambitious framing, the announcement has left many non -resolved details. No calendar, investor eligibility criteria, emission ceilings, locking periods or guard and settlement mechanisms have been disclosed.
Companies stressed that the declaration was not an offer or a request.
The market reaction was mixed. AMTD shares increased by 1.9% on the day, while AMTD Digital and TGE fell 3.5% and 6.2% respectively, according to Google Finance Data.
According to the market, the three remain relatively small issuers: AMTD at $ 176 million, HKD at $ 509 million and TGE at $ 161 million.
Questions remain on how the program would be legally structured and if that would involve recorded offers, private investments or offshore transactions.
Companies have not yet clarified if American investors would be eligible to participate.
Interest for crypto lists
AMTD’s decision comes in the midst of increased interest in investors for cryptography lists. The Circle de Circle’s beginnings in June saw actions increase almost 10 times compared to the $ 31 offer price before settling at $ 149.
Earlier this week, the upward institutional scholarship has more than tripled compared to its $ 37 grant price on its first day of negotiation, closing nearly $ 70 on Friday.
Several other crypto companies, including Okx, Grayscale and Kraken, have hinted or initiated plans to make public. Meanwhile, industry leaders listed like Coinbase and Microstrategy recently reached multi -year heights.
The IPO is involved while the regulatory climate moves in favor of digital assets. Since the return of President Trump in January, the SEC has abandoned most of the cases against cryptographic companies.
The Trump administration has also advanced its Pro-Crypto program with a series of political and regulatory movements.
President Trump has signed an executive decree urging regulators to remove obstacles that prevent plans 401 (K) from including alternative assets such as cryptocurrencies.
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