AMTD IDEA, AMTD Digital, and TGE to Launch Crypto Conversion Program

AMTD IDEA, AMTD Digital, and TGE plan to launch a crypto conversion program, allowing holders to exchange newly issued shares for various cryptocurrencies. The program aims to facilitate asset diversification and risk management for crypto holders, with securities listed on the New York Stock Exchange. AMTD Group, a conglomerate with diversified businesses, aims to develop more opportunities and support for crypto holders in the future.

AMTD IDEA Group, AMTD Digital Inc., and The Generation Essentials Group (TGE) have jointly announced a groundbreaking initiative: a crypto conversion program that will allow cryptocurrency holders to exchange newly issued shares for various cryptocurrencies. The program aims to facilitate asset diversification and risk management for cryptocurrency holders, with securities listed on the New York Stock Exchange (NYSE).

The crypto conversion program, dubbed the "AMTD cryptocurrency conversion program," will enable holders to trade their cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), and USD Coin (USDC), for newly issued ordinary shares of the listed companies. The program is designed to operate across multiple companies within the AMTD Group, offering a flexible combination of securities rather than a single allocation. The companies believe that this program will serve as a bridge between the crypto asset world and the NYSE, fostering a more balanced and diversified asset allocation strategy for cryptocurrency holders.

AMTD Group, a conglomerate with diversified businesses in digital banking, media and entertainment, hospitality and F&B services, private education, and community services, is committed to developing and offering more opportunities and support to cryptocurrency holders. The program is part of the conglomerate's mission to act as a conduit for diversification and asset allocation for cryptocurrency holders, similar to traditional asset classes.

The success of Bullish's NYSE debut, which surged 90% and achieved a $13.2 billion valuation [2], underscores the growing institutional adoption of cryptocurrencies. The favorable regulatory backdrop, including pending New York BitLicense and Genius Act support, has boosted investor confidence in the sector. AMTD Group's initiative may encourage more crypto firms to pursue traditional market listings, further legitimizing the cryptocurrency industry.

The program is subject to applicable laws and regulations and will be mutually agreed upon in terms of pricing and conditions. AMTD IDEA Group, AMTD Digital, and TGE are committed to providing a comprehensive and secure platform for cryptocurrency holders to diversify their portfolios and manage risks effectively.

References:
[1] https://www.prnewswire.com/news-releases/amtd-idea-amtd-digital-and-tge-propose-to-launch-crypto-conversion-program-302533502.html
[2] https://www.ainvest.com/news/bullish-crypto-exchange-surges-90-nyse-debut-valued-13-2-billion-2508/