Nasdaq-listed CIMG Plans to Acquire Core Assets of iZUMi Finance

Odaily News iZUMi Finance announced a strategic agreement with Nasdaq-listed company CIMG Inc. (Nasdaq: IMG). CIMG intends to acquire part of iZUMi Finance's core assets, patents, and intellectual property to further expand its institutional-grade decentralized finance infrastructure layout.

According to the agreement framework, CIMG plans to integrate iZUMi Finance's multi-chain liquidity technology and governance mechanisms to enhance on-chain capital efficiency and optimize the yield management of its Bitcoin reserves. Concurrently, CIMG also plans to purchase $IZI tokens for long-term staking and governance participation.

This acquisition plan builds upon the foundation of the parties' previous collaboration, including the jointly launched $20 million Upstarts Fund. By integrating iZUMi's liquidity infrastructure and technical assets, both parties will further strengthen their positioning in the on-chain liquidity market and the institutional-grade DeFi sector. (Cointelegraph)