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Yuta Logistics Technology has received a strategic investment of 150 million USD from Huaying Holdings, and plans to explore the applications of RWA and stablecoins.
ChainCatcher news, Nasdaq-listed company UTA Logistics Technology announced that Solomon Capital Fund SPC-Solomon Capital SP9, a USD fund under Huaying Holdings, has made a strategic investment of 150 million USD in it. Both parties will jointly explore the tokenization of logistics assets (RWA) and innovations in stablecoin applications. Yuta Logistics Technology previously announced that it will 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.