Scilex Holding and Biconomy.com Sign a Memorandum of Understanding to Develop Cryptocurrency Strategies and Asset Management Solutions

Odaily Planet Daily reports that Scilex Holding Company, a US-listed company specializing in non-opioid pain management products, has announced the signing of a non-binding, non-exclusive memorandum of understanding with Biconomy.com to collaborate on cryptocurrency and asset management strategies. The partnership encompasses three key areas: utilizing Biconomy's cryptocurrency trading platform to provide Scilex with global digital asset trading services for major cryptocurrencies such as Bitcoin and Ethereum, with a potential value exceeding $1 billion per cryptocurrency; establishing a cryptocurrency asset management strategy for Scilex that balances security, liquidity, compliance, and profitability; and providing Scilex with financial and trading information through Biconomy.com's technology to monetize digital assets. (GLOBE NEWSWIRE)