NovaWulf plans to take over all assets of Celsius and tokenize its equity

ChainCatcher news, according to CoinDesk, digital asset investment firm NovaWulf plans to take over all assets of Celsius and transfer them to a new company after its creditors are compensated. NovaWulf will manage the new company for five years, and the board will be elected by NovaWulf and the official creditors' committee. The plan is expected to take effect as early as June 30.

According to court documents, the equity of the new company will be tokenized and traded on the Provenance blockchain, with Figure Technologies providing the infrastructure for the tokenized securities. (Source link)