According to FT reports, against the backdrop of falling stock prices and weakening cryptocurrency asset prices, some listed "crypto treasury companies" are emulating Bitcoin treasury company Strategy, shifting to so-called "digital credit" financing tools. They pay investors fixed high dividends but do not offer upside gains from common stocks. Strategy's Stretch product has an annualized dividend yield of 11.5% and has attracted $10.5 billion in funds over approximately 10 months of listing. FT states that U.S. asset management firm Strive has also launched a similar product with an annual interest rate of 13%, planning to pay daily starting from mid-June; UK-listed company Smarter Web and French-listed company Capital B are also considering or advancing similar arrangements.

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