Token Cat approves $1B crypto asset investment policy

Token Cat (TC)has approved a Crypto Asset Investment Policy, authorizing the company to allocate a portion of its cash reserves into selected crypto assets under a disciplined risk-management framework. Earlier, it appointed Sav Persico, with thirty years of crypto and blockchain experience, as COO to lead its implementation. The board has approved an overall allocation limit of up to $1B for digital asset planning. Deployment will proceed in phases based on market conditions, risk assessments and capital management needs. The initial allocation will focus on emerging crypto project tokens with strong growth prospects, including assets related to AI, RAW-to-chain initiatives, and token-equity hybrid models. The company will not self-custody acquired crypto assets. The company has formed a Crypto Asset Risk Committee, led by the CFO, to oversee asset allocation, manage risk controls, and report regularly to the Board.