Autozi completes negotiations for acquisition of $1.87B in digital assets

Autozi Internet (AZI) Technology announced the completion of negotiations for an acquisition of approximately $1.87B in premium digital assets from a crypto-asset institution for a total consideration of approximately $1.1B. The company said, “To accelerate the development of its global specialized vehicle and aftermarket parts sales network via its cross-border supply chain platform, AZI recognizes the imperative to solve the critical challenge of online cross-border payments-a challenge for which cryptocurrency presents a pivotal solution. Concurrently, AZI’s U.S. subsidiary has reached an agreement in principle to cooperate with this Crypto Titan. The two parties will engage in deep collaboration focused on DAT development, the construction of compliant crypto-payment infrastructure, and the expansion of multi-scenario payment ecosystems. They are committed to jointly forging and leading the vast global market for cryptocurrency-based DAT treasury and crypto payments.”