other_material
confidence high
sentiment neutral
materiality 0.75
Connexa forms JV with JuCoin to launch aiRWA exchange; each to contribute $250M
AIRWA INC.
- Connexa and JuCoin each contribute $250M in cash or crypto; Connexa gets 51% of JV, JuCoin 49%.
- JV to found and operate 'aiRWA' cryptocurrency exchange focused on real-world assets and AI integration.
- JV aims to secure VASP/MSB licenses and pursue regulatory compliance in major financial centers.
- Board of JV has 5 directors: 3 appointed by Connexa, 2 by JuCoin; lock-up period ends 2 years post-founding.
- Closing must occur within 6 months; termination by mutual agreement or if prohibited by law.
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