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The US-listed company Scilex Holding has signed a memorandum of cooperation with Biconomy.com to jointly develop strategies for Crypto Assets and asset management solutions.
According to a report by GLOBE NEWSWIRE on September 24, Deep Tide TechFlow announced that Scilex Holding Company (NASDAQ: SCLX), a U.S. publicly listed company focused on non-opioid pain management products, has signed a non-binding, non-exclusive memorandum of cooperation with Biconomy.com. The two parties will collaborate on crypto assets and asset management strategies.
The cooperation covers three main areas: providing global digital asset trading services for Scilex using Biconomy's Crypto Assets trading platform, involving major Crypto Assets such as Bitcoin and Ethereum, with a potential value that may exceed one billion dollars for each Crypto Asset; establishing a Crypto Assets management strategy for Scilex that balances security, liquidity, compliance, and returns; and providing financial and trading information for Scilex through the technology of Biconomy.com to achieve the monetization of digital assets.