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Nasdaq Listed company CIMG plans to acquire the core assets of iZUMi Finance
Svmuu News: iZUMi Finance has announced a strategic agreement with CIMG Inc. (Nasdaq: IMG), a company listed on the Nasdaq. CIMG plans to acquire certain core assets, patents, and intellectual property from iZUMi Finance to further expand its institutional-grade decentralized finance infrastructure.Under the terms of the agreement, CIMG plans to integrate iZUMi Finance’s multi-chain liquidity technology and governance mechanisms to enhance on-chain capital efficiency and optimize yield management for its “Bitcoin” reserves. Additionally, CIMG intends to purchase $IZI tokens for long-term staking and governance participation.This acquisition builds upon the parties’ prior collaboration, including the jointly launched $20 million Upstarts Fund. By integrating iZUMi’s liquidity infrastructure and technological assets, both parties will further strengthen their presence in the on-chain liquidity market and the institutional-grade DeFi sector. (Cointelegraph)
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