Unicoin plans to acquire a majority stake in Diamond Lake, which may initiate an alts reserve strategy.

Odaily News Unicoin, facing SEC charges, announced its acquisition of 51% equity in Diamond Lake and plans to rename it to DiamondLake, initiating a reserve strategy for alts similar to Strategy. Analysts point out that this move may be intended to bet on the trend of real asset tokenization and to promote the tokenization process of assets through favourable information in legislation. The transaction value is expected to exceed 70 million USD and is expected to be completed within 20 days. (CoinDesk)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)