Crypto.com announced a partnership with IP Strategy (Nasdaq: IPST), the first company to hold $IP tokens as a primary reserve asset. IP Strategy provides public market investors with regulated equity “exposure to the $80 trillion programmable intellectual property economy.”
As part of the collab, Crypto.com will reportedly offer execution, custody, Over-the-Counter trading, and staking services “for IP Strategy’s new treasury reserve, which includes 52.5 million $IP tokens valued at over $230 million.”
This update comes after IP Strategy’s August PIPE financing and marks the first time a Nasdaq-listed company has adopted $IP tokens “as its primary reserve asset. Crypto.com’s infrastructure offers custody, liquidity, and yield-generating tools to help institutions manage digital assets.”
Eric Anziani, President and Chief Operating Officer of Crypto.com has said that as firms adopt digital assets as part of their long-term treasury strategy, it’s “essential they have access to secure, scalable infrastructure.”
They are now eager to “work alongside IP Strategy to provide the institutional support needed to execute their digital asset strategy with confidence.”
SY Lee, Co-Founder and CEO of Story has said that intellectual property presents an $80T opportunity and this is just “the beginning of a new era where IP unlocks a productive, investable asset class with real-world utility,”
Lee added that they are pleased to “see $IP tokens at the center of this transformation, supported by the infrastructure of Crypto.com and the forward-thinking of IP Strategy.”
Founded in 2016, Crypto.com is used by people worldwide and is the industry participant focused on ensuring regulatory compliance, security and privacy.
IP Strategy is the company holding $IP tokens as “a primary reserve asset and operate a validator for the Story Protocol.”
IP Strategy provides public market investors broad “exposure to the $80 trillion programmable intellectual property economy in a regulated equity format.”
IP Strategy’s treasury reserve of $IP tokens reportedly provides direct participation in “the Story ecosystem, which enables on-chain registration, licensing, and monetization of intellectual property.”
Heritage Distilling Holding Company, Inc. is the registered corporate name of IP Strategy.