03:18
CSLM Digital Asset plans to raise $200 million through a share placement and seeks to merge with a blockchain company for a public listing.
PANews August 27 news, according to Globenewswire, the special purpose acquisition company CSLM Digital Asset Acquisition announced that it will issue Class A common stock and warrants to raise $200 million through an IPO. The related stocks are expected to be traded on the Nasdaq exchange under the codes "KOYN" and "KOYNW." The company stated that it will seek to strategically leverage businesses that utilize Blockchain and Distributed Ledger technology, including building infrastructure for Wallets, custodial solutions, exchanges, data protocols, and tokenization financial tools, as well as companies that build applications such as payment, Decentralized Finance, and cross-border finance.

