IVD Medical forms joint ventures for global on-chain financial ecosystem

IVD Medical Holding Limited, with ETHK Group, has established two new companies, ETHK Inc and ETHK HOLDINGS LIMITED. These joint ventures will build a global on-chain financial ecosystem under the "ETHK" brand, aiming to redefine global asset flow and value exchange. ETHK Inc will focus on operating and developing the "ETHK" brand as a secure, efficient, compliant, open, and decentralized financial platform. ETHK HOLDINGS LIMITED will serve as an ecosystem-level digital industry investment and M&A hub.

This initiative aligns with IVD Medical's strategic vision to build a technology ecosystem for a Real World Assets (RWA) platform and explore on-chain finance. The joint ventures will systematically develop the "ETHK" ecosystem, encompassing technical infrastructure, diverse financial products including the tokenization of equity assets, a sustainable business model, and a robust global compliance and trust framework.

The board believes this move into global on-chain finance is in the best interest of the company and its shareholders, representing a key step in an innovation-driven development strategy. The ETHK Group is an investment holding group dedicated to building and empowering the next-generation on-chain financial ecosystem. The formation of the joint ventures does not constitute a notifiable transaction for the company as the highest applicable percentage ratio is less than 5%.