NewGenIvf Group engages OSL to execute strategic investment in digital assets

NewGenIvf Group (NIVF) announced that it has engaged OSL Digital Securities as part of NewGen’s intent to begin investing in the digital assets space. Following the engagement, NewGen has transferred funds in the amount of $1M to its account. These funds will serve as a pilot tranche to carry out the Company’s mandate of establishing its digital asset portfolio. NewGen’s portfolio will be comprised of a variety of digital assets designed to effectively hedge risks while taking advantage of recent positive trends in the cryptocurrency environment. The majority of the portfolio will consist of a combination of two large-cap cryptocurrencies, Bitcoin and Ethereum, which together will account for 55% of the portfolio. Another 10% of the allocation will be devoted to the stablecoin Tether, with the remaining 35% spread across several mid- and small-cap cryptocurrencies which, while more volatile, hold potential for a greater return on investment.