IVD Medical acquires US property, establishes ETHK BANK for stablecoin ventures

IVD Medical Holding Limited has acquired a property in Irvine, Orange County, California, US, for $4.365 million. This 4,960 sq ft land area, featuring a 9,920 sq ft two-story office building, will serve as the group's US strategic headquarters. Concurrently, the company incorporated ETHK BANK Inc. in Colorado, US, a wholly-owned subsidiary crucial for developing stablecoin, healthcare, and innovative drug intellectual property securitization businesses in North America.

ETHK BANK is set to become the group's global operational hub, focusing on stablecoin license applications, compliance framework development under the US GENIUS Act, and applying for a National Trust Bank License. The bank will also drive innovative stablecoin public chain technology R&D, including a "Stable-to-Earn" mechanism and the establishment of an innovative drug intellectual property securitization exchange.

The group's existing RWA-related businesses in Chinese Mainland and Hong Kong, including the global RWA exchange technology ecosystem and the ETHK On-Chain Financial Ecosystem, will be integrated into ETHK BANK. This expansion aligns with global digital economy trends, aiming to enhance the group's global business synergy and create sustainable value.