Yutai Logistics Technology received a strategic investment of 150 million USD from Huaying Holdings, planning to explore the application of RWA and stablecoins

ChainCatcher news, Nasdaq-listed company Yuta Logistics Technology announced that Solomon Capital Fund SPC-Solomon Capital SP9, a dollar fund under Huaying Holdings, will make a strategic investment of $150 million in it. Both parties will jointly explore the tokenization of logistics assets (RWA) and innovations in stablecoin applications.

Yuta Logistics Technology previously announced plans to acquire 15,000 BTC, with a total transaction amount of up to $1.5 billion. In addition, the company also announced that it is actively researching relevant regulatory details and plans to apply for a stablecoin issuance license after the stablecoin regulations in Hong Kong come into effect.