BlockBeats news, on August 27, a newly established special purpose acquisition company CSLM Digital Asset Acquisition raised $200 million through an initial public offering, with the related stocks expected to trade on the Nasdaq exchange under the codes 'KOYN' and 'KOYNW'.
The company stated that it will seek to strategically merge with businesses in blockchain and distributed ledger technology, including infrastructure for building wallets, custody solutions, trading platforms, data protocols, and tokenized financial instruments, as well as companies developing applications such as payments, decentralized finance, and cross-border finance.