Scilex Holding Company announced it has signed a non-binding, non-exclusive Memorandum of Understanding (MOU) with Biconomy.com to collaborate on future cryptocurrency strategies and treasury management.
This collaboration aims to leverage Biconomy's cryptocurrency exchange platform for global trading services for Scilex's digital assets, which could potentially exceed a billion dollars across various cryptocurrencies.
The MOU also outlines plans to establish a cryptocurrency treasury management strategy for Scilex, focusing on security, liquidity, compliance, and yield, and to utilize Biconomy's technology to monetize Scilex's digital assets.
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