Faraday Future has launched its 'EAI+Crypto' strategy, integrating EAI EV assets onto the blockchain. This initiative aims to create a comprehensive ecosystem combining EAI mobility, Web3, blockchain, and crypto asset applications. As part of this strategy, the company introduced the C10 Index, the first market crypto asset basket index by a U.S. listed company, excluding stablecoins.
Additionally, Faraday Future has rolled out the C10 Treasury, a financial product based on the C10 Index. The company plans to acquire $500 million to $1 billion in crypto assets, with an initial allocation of $30 million. This move marks a significant step in Faraday Future's blockchain and crypto asset integration efforts.
Faraday Future Unveils C10 Treasury and Index in Blockchain Expansion
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