AIxCrypto Inc. (NASDAQ: AIXC) announced it entered into a non-binding term sheet to purchase $10 million of Faraday Future (NASDAQ: FFAI) common stock through an independent third party.
The company stated the proposed transaction represents a strategic deployment of its blockchain infrastructure and a step toward launching its tokenized Real World Asset business. AIxCrypto intends to use the Faraday Future shares as the foundational asset for its first tokenized equity product if definitive agreements are executed.
The initiative aims to digitize the equity issuance lifecycle using AIxCrypto’s blockchain infrastructure. The company described the plan as creating a digital bridge between traditional capital markets and the on-chain economy.
AIxCrypto stated the proposed structure would leverage blockchain technology’s liquidity and programmability while maintaining governance standards. The company said it will provide updates if a binding agreement is reached, subject to necessary approvals.
The information comes from a company press release statement.
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