AMTD IDEA, AMTD Digital, and TGE Propose to Launch Crypto Conversion Program
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD), and The Generation Essentials Group (NYSE: TGE) have announced plans to launch a cryptocurrency conversion program. The initiative will allow cryptocurrency holders to exchange their digital assets for newly issued ordinary shares or American depositary shares of these companies.
The program will accept major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), and USD Coin (USDC). Transactions will be based on mutually agreed pricing and prevailing market valuations, subject to applicable regulations. Investors can potentially receive a combination of securities from multiple companies rather than a single allocation.
This initiative is part of AMTD Group's broader strategy to serve as a bridge between cryptocurrency holders and traditional financial markets, specifically connecting crypto assets with NYSE-listed securities.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) e The Generation Essentials Group (NYSE: TGE) hanno annunciato l'avvio di un programma di conversione di criptovalute. L'iniziativa consentirà ai detentori di asset digitali di scambiare le loro criptovalute con azioni ordinarie di nuova emissione o con American Depositary Shares di queste società.
Il programma accetterà le principali criptovalute, tra cui Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB) e USD Coin (USDC). Le operazioni saranno determinate da prezzi concordati tra le parti e dalle valutazioni di mercato vigenti, nel rispetto della normativa applicabile. Gli investitori potranno ricevere, se previsto, una combinazione di titoli emessi da più società anziché una sola.
Questa iniziativa rientra nella strategia più ampia del gruppo AMTD di fungere da collegamento tra i detentori di criptovalute e i mercati finanziari tradizionali, mettendo in relazione asset crypto e titoli quotati al NYSE.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) y The Generation Essentials Group (NYSE: TGE) han anunciado el lanzamiento de un programa de conversión de criptomonedas. La iniciativa permitirá a los tenedores de activos digitales canjear sus criptomonedas por acciones ordinarias de nueva emisión o por American Depositary Shares de estas compañías.
El programa aceptará las principales criptomonedas, incluidas Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB) y USD Coin (USDC). Las transacciones se realizarán según precios acordados entre las partes y las valoraciones de mercado vigentes, sujetas a la normativa aplicable. Los inversores podrían recibir una combinación de valores de varias compañías en lugar de una única asignación.
Esta iniciativa forma parte de la estrategia más amplia del grupo AMTD para actuar como puente entre los tenedores de criptomonedas y los mercados financieros tradicionales, conectando activos cripto con valores cotizados en el NYSE.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD), 및 The Generation Essentials Group (NYSE: TGE)가 암호화폐 전환 프로그램을 시작할 계획이라고 발표했습니다. 이 프로그램은 암호화폐 보유자가 해당 디지털 자산을 이들 회사의 신주 보통주 또는 아메리칸 예탁증서(ADS)로 교환할 수 있게 합니다.
프로그램은 Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), USD Coin (USDC) 등 주요 암호화폐를 수용합니다. 거래는 당사자 간 합의된 가격과 시장 평가에 따라 진행되며 관련 규정을 준수합니다. 투자자는 단일 배분 대신 여러 회사의 증권을 혼합하여 받을 수 있습니다.
이 이니셔티브는 암호화폐 보유자와 전통적 금융시장 간의 다리 역할을 하려는 AMTD 그룹의 광범위한 전략의 일환으로, 암호자산과 NYSE 상장 증권을 연결하는 것을 목표로 합니다.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) et The Generation Essentials Group (NYSE: TGE) ont annoncé un programme de conversion de cryptomonnaies. L'initiative permettra aux détenteurs de crypto-actifs d'échanger leurs actifs numériques contre des actions ordinaires nouvellement émises ou des American Depositary Shares de ces sociétés.
Le programme acceptera les principales cryptomonnaies, notamment Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB) et USD Coin (USDC). Les transactions seront basées sur des prix convenus entre les parties et sur les valorisations de marché en vigueur, sous réserve des réglementations applicables. Les investisseurs pourront recevoir une combinaison de titres de plusieurs sociétés plutôt qu'une seule attribution.
Cette initiative s'inscrit dans la stratégie plus large du groupe AMTD visant à faire le lien entre les détenteurs de cryptomonnaies et les marchés financiers traditionnels, en connectant les actifs crypto aux titres cotés au NYSE.
AMTD IDEA Group (NYSE: AMTD), AMTD Digital (NYSE: HKD) und The Generation Essentials Group (NYSE: TGE) haben die Einführung eines Programms zur Umwandlung von Kryptowährungen angekündigt. Die Initiative ermöglicht es Kryptoinhabern, ihre digitalen Vermögenswerte gegen neu ausgegebene Stammaktien oder American Depositary Shares dieser Unternehmen einzutauschen.
Das Programm akzeptiert wichtige Kryptowährungen, darunter Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB) und USD Coin (USDC). Transaktionen erfolgen zu einvernehmlich festgelegten Preisen und den jeweils geltenden Marktbewertungen und unterliegen den anwendbaren Vorschriften. Anleger können unter Umständen eine Kombination von Wertpapieren mehrerer Unternehmen anstelle einer einzelnen Zuteilung erhalten.
Die Initiative ist Teil der umfassenderen Strategie der AMTD-Gruppe, als Brücke zwischen Kryptoinhabern und traditionellen Finanzmärkten zu fungieren und Krypto-Assets mit an der NYSE gelisteten Wertpapieren zu verbinden.
- Program offers cryptocurrency holders opportunity to diversify into NYSE-listed securities
- Flexibility to exchange multiple major cryptocurrencies
- Option to receive combination of securities from different companies
- Pricing terms and conditions not yet specified
- Program subject to regulatory approval and applicable laws
- Exchange rates will be based on negotiated terms rather than fixed rates
Insights
AMTD entities plan to issue new shares in exchange for cryptocurrencies, creating a questionable value proposition for crypto holders.
The announcement from AMTD IDEA Group, AMTD Digital, and The Generation Essentials Group introduces a program allowing cryptocurrency holders to exchange their digital assets for newly issued shares in these NYSE-listed companies. The companies frame this as providing asset diversification for crypto holders, positioning themselves as a bridge between cryptocurrencies and traditional stock markets.
The program targets holders of major cryptocurrencies including Bitcoin, Ethereum, Tether, BNB, and USD Coin. Transactions would occur at "mutually agreed pricing" based on market valuations, though specific exchange rates or valuation mechanisms aren't disclosed. This lack of detail raises questions about the potential dilution impact on existing shareholders.
While presented as a diversification opportunity for crypto holders, this appears primarily designed to allow these companies to acquire cryptocurrency reserves without using cash. The companies don't articulate how acquiring cryptocurrencies aligns with their business strategies or creates shareholder value. Notably, the announcement comes from a complex corporate structure where AMTD IDEA Group owns AMTD Digital, which controls The Generation Essentials Group.
This announcement lacks substantive information about regulatory approvals, implementation timeline, or volume limitations. Without these critical details, it's difficult to assess the program's significance or potential market impact. The value proposition for cryptocurrency holders remains unclear, as they're being offered shares in companies without clear explanations of how these shares would provide superior diversification compared to established investment vehicles.
Exchange under the AMTD cryptocurrency conversion program may be arranged across any number of our companies, allowing for a combination of securities rather than a single allocation.
AMTD and TGE believe that the cryptocurrency world sets forth a newer form of currencies in the new world, but a well balanced and diversified mix for asset allocation would still be important and fundamental for cryptocurrencies' holders, for purposes of risk diversification and financial healthiness, similar to holders with concentrations in a certain asset class, be it liquid or fixed, public market or private markets, equity or fixed income, traditional fiat currency or cryptocurrencies etc.
This program is a component of our core missions to have the three listed companies under AMTD Group act as the conduit and effective means of diversification and asset allocation fuser for cryptocurrencies' holders. Securities of these three listed companies are all listed on the New York Stock Exchange and we plan to make available these securities, under terms and conditions to be mutually agreed, to cryptocurrency holders and to serve as a bridge connecting the world of crypto assets with one of the world's leading stock exchanges.
In the future, AMTD Group, a conglomerate with well diversified businesses and investments across digital bank, 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 around the world to facilitate and better their experiences in asset allocation and diversification, leisure and VIP experiences, and improve their financial education and literacy.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About AMTD Group
AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.
About AMTD IDEA Group
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in
About The Generation Essentials Group
The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the
For more information, please contact:
For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com
For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net
For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: tge@amtd.world
View original content:https://www.prnewswire.com/news-releases/amtd-idea-amtd-digital-and-tge-propose-to-launch-crypto-conversion-program-302533502.html
SOURCE AMTD IDEA Group; AMTD Digital; The Generation Essentials Group
FAQ
What is AMTD's new cryptocurrency conversion program?
Which cryptocurrencies will AMTD accept in the conversion program?
How will the cryptocurrency-to-shares conversion rate be determined?
Can investors receive shares from multiple AMTD companies in the conversion program?
What is the purpose of AMTD's cryptocurrency conversion program?
