Token Cat Limited (TC) announced that its board of directors has approved a digital asset investment policy allowing for the allocation of up to 1 billion dollars from the company's cash reserves.
The company based in Beijing has appointed Saf Persico as Chief Operating Officer to implement this policy. Persico has thirty years of experience in the cryptocurrency and blockchain sectors.
The investment framework sets a cap on allocations at $1 billion with plans for phased implementation based on market conditions and risk assessments. Initial investments will target tokens from emerging cryptocurrency projects in the fields of artificial intelligence, raw-to-chain initiatives, and hybrid equity token models.
Cat Token will use third-party custodial services instead of self-custody for acquired digital assets. The company has formed a digital asset risk committee led by the CFO to oversee allocations and report to the board.
Guangsheng Liu, the CEO, said: "This policy represents an important step in enhancing our asset strategy. The deep expertise of Saf in digital currencies and blockchain will help us implement this long-term plan with strong discipline and effective leadership."
Percico stated that the company views digital assets as long-term valuable reserves rather than speculative instruments, aiming to enhance resilience during periods of macroeconomic uncertainty.
The policy requires approval from the risk committee of the board of directors for any expansion into additional asset classes outside of the primary focus areas.
