Investing.com — Aixcrypto Holdings Inc (NASDAQ:AIXC) stock rose 2.6% on Tuesday after the company announced it has entered into a non-binding term sheet to purchase an initial $10 million tranche of Faraday Future (NASDAQ:FFAI) common stock.
The proposed transaction would be facilitated by an independent third party and represents a strategic deployment of AIxC’s blockchain infrastructure. It also marks a significant step toward the launch of the company’s tokenized Real World Asset (RWA) business.
If definitive agreements are executed, AIxC intends to utilize these shares as the foundational asset for its first tokenized equity product. The initiative aims to digitize the equity issuance lifecycle by serving as a bridge between traditional capital markets and the on-chain economy.
The structure would allow AIxC to leverage blockchain technology’s liquidity and programmability while maintaining governance standards. The company stated it will provide further updates if a binding agreement is reached, subject to all necessary approvals.
AIxCrypto is a U.S.-Nasdaq listed company focused on building an ecosystem that integrates AI and blockchain technologies while connecting Web2 and Web3 environments. Its core products include the BesTrade DeAI Agent and various AIxC ecosystem products.
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