NewGenIVF Shares Plunge 17.46% as Tokenization Partnership with SAXA Inc. Sparks Execution Risks

The share price fell to its lowest level since August 2025 today, with an intraday decline of 17.46%.

The selloff follows NewGenIVF Group’s announcement of a strategic partnership with SAXA Inc. to tokenize $100 million in gold-backed assets, with an option to scale to $1 billion. NewGenDigital, the company’s digital asset arm, will earn a 5% commission on sales, potentially generating up to $5 million or $50 million depending on the expansion. The agreement includes SPV advisory, legal structuring, and blockchain implementation, aligning with NewGen’s push into tokenizing high-value real-world assets after prior ventures in art. The move aims to diversify revenue streams but faces execution risks tied to asset verification and regulatory compliance.

The partnership underscores NewGen’s broader strategy to leverage blockchain for liquidity in traditional markets. By collaborating with SAXA—a conglomerate spanning oil, AI, and luxury goods—the firm strengthens its credibility in digital asset innovation. This follows its focus on real estate development in the UAE and health products, including IVF treatments. Tokenizing gold-backed assets taps into growing demand for secure, fractionalized investments, reflecting global trends in asset digitization. However, market skepticism may persist due to the sector’s volatility and technical complexities.

Despite the strategic potential, the stock’s sharp decline suggests investor concerns over execution risks. The initial tranche’s success hinges on timely tokenization and sales, with delays or disputes potentially derailing the $1 billion expansion. Regulatory uncertainties and market adoption challenges also loom. CEO Alfred Siu Wing Fung has framed the deal as a pivotal milestone, but the stock’s performance highlights lingering doubts about scalability and profitability in the digital asset space. The partnership remains a key test of NewGen’s ability to translate innovation into sustained value.