AMTD Group proposes a cryptocurrency-to-stock exchange program
Three subsidiaries of AMTD Group, including AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE), have proposed a groundbreaking program that allows investors to exchange cryptocurrency for newly issued shares.
How it works and objectives
According to the proposal, investors can use $BTC , Ethereum, USDT, $BNB , and USDC to exchange for shares of the three companies mentioned above. The exchange value will be agreed upon based on the current market price.
AMTD Group considers this program a "bridge" between the world of digital assets and the New York Stock Exchange (#NYSE ). They believe that this will not only help diversify business activities but also attract cryptocurrency investors, providing them with a new means to access the traditional financial market.
Accompanying support services
To make the program more attractive, the group intends to leverage its other assets such as media, hospitality services, and education to provide support services. This includes asset allocation consulting, VIP experiences, and financial education for investors.
However, experts warn that implementing this program will be legally complex, requiring strict compliance with the regulations of #SEC . This program could change trading dynamics, as some investors may view the stocks as a short-term trade rather than a long-term investment. #anh_ba_cong