SunCar Technology Group, a digital auto insurance and automotive services provider listed on NASDAQ, has announced plans to invest up to $10 million in major cryptocurrencies linked to real-world asset (RWA) tokenization. The company's board of directors has approved this strategic move, aiming to capitalize on the rapid growth of RWA tokenization.
In addition to the investment, SunCar is exploring ways to integrate blockchain technology and RWA tokenization into its cloud-based digital insurance platform. This initiative reflects SunCar's commitment to leveraging emerging technologies to enhance its service offerings and operational efficiency.
SunCar Technology to Invest $10 Million in RWA Cryptocurrencies
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