Following the Appointment of Sav Persico as Chief Operating Officer, Token Cat Limited Board Approves $1 Billion Crypto Asset Investment Policy

Rhea-AI Summary

Token Cat (Nasdaq: TC) announced on December 2, 2025 that its Board approved a Crypto Asset Investment Policy allowing up to USD 1 billion of cash reserves to be allocated to selected crypto assets under a phased, risk-managed framework.

The company appointed Sav Persico as Chief Operating Officer to lead implementation. The Policy emphasizes selective allocations to emerging project tokens (AI, RAW-to-chain, token-equity hybrids), mandates highest-tier custody (no self-custody), and creates a Crypto Asset Risk Committee led by the CFO to oversee allocations and report to the Board.

Positive

• Board-approved allocation limit of USD 1 billion
• Appointed Sav Persico as COO to lead implementation
• Created Crypto Asset Risk Committee led by the CFO

Negative

• Up to USD 1 billion exposure to volatile crypto assets
• Initial focus on emerging project tokens increases volatility risk
• Policy is forward-looking and subject to market and regulatory uncertainty

Insights

Corporate Treasury Strategist

Board approved up to $1 billion crypto allocation and named a COO to implement the policy.

The Company created a formal Crypto Asset Investment Policy with a capital ceiling of $1 billion, phased deployment, and an initial focus on emerging project tokens tied to AI, RAW-to-chain initiatives, and token-equity hybrids. The Board requires Risk Committee approval for any expansion of asset categories and set custody rules that prohibit self-custody.

The governance design places the CFO as chair of a new Crypto Asset Risk Committee and assigns operational leadership to the newly appointed COO, Sav Persico. This separates execution and oversight and mandates reporting to the Board, which supports accountability but depends on committee activity and reporting quality.

Watch for concrete execution signals over the next quarters: defined phase timelines, explicit allocation percentages of cash reserves, chosen custody providers, and Risk Committee meeting minutes or charter updates expected after Dec. 2, 2025. These items will clarify actual capital flow, operational controls, and timing.

BEIJING, Dec. 2, 2025 /PRNewswire/ -- Token Cat Limited (Nasdaq: TC, the "Company") today announced that its Board of Directors has formally approved a Crypto Asset Investment Policy (the "Policy"), authorizing the Company to allocate a portion of its cash reserves into selected crypto assets under a disciplined risk-management framework.

After careful evaluation, the Company decided to proceed with this Policy. Earlier, it appointed Sav Persico, with thirty years of crypto and blockchain experience, as Chief Operating Officer to lead its implementation.

Guangsheng Liu, Chief Executive Officer of Token Cat Limited, stated:"The Policy is an important step in strengthening our asset strategy. Sav's deep expertise in crypto and blockchain will help us execute this long-term plan with strong discipline and effective leadership."

Core Framework of the Policy:
1. Defined investment authorization and capital ceiling
The Board has approved an overall allocation limit of up to USD 1 billion for digital asset planning. Deployment will proceed in phases based on market conditions, risk assessments and capital management needs.

2. Selective asset allocation
The initial allocation will focus on emerging crypto project tokens with strong growth prospects, including assets related to AI, RAW-to-chain initiatives, and token-equity hybrid models. Any future expansion into additional asset categories will require reassessment and approval by the Board's Risk Committee.

3. Highest-Tier Custody Standards: The Company will not self-custody acquired crypto assets.

4. Enhanced governance and oversight structure
The Company has formed a Crypto Asset Risk Committee, led by the CFO, to oversee asset allocation, manage risk controls, and report regularly to the Board.

Sav Persico commented:
It is an honor to take on this responsibility at such a pivotal time. The Company treats crypto assets as long-term value reserves, not speculative tools, aiming to enhance resilience amid macroeconomic uncertainty. I look forward to advancing our crypto asset strategy and strengthening industry collaboration to support sustainable, long-term growth.

Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Additional factors are described in the Company's filings with the SEC. The Company undertakes no obligation to update these statements except as required by law.

View original content:https://www.prnewswire.com/news-releases/following-the-appointment-of-sav-persico-as-chief-operating-officer-token-cat-limited-board-approves-1-billion-crypto-asset-investment-policy-302630205.html

SOURCE Token Cat Limited

FAQ

What did Token Cat (TC) approve on December 2, 2025?

The Board approved a Crypto Asset Investment Policy authorizing up to USD 1 billion in crypto allocations.

Who will lead implementation of Token Cat's crypto policy (TC)?

Sav Persico was appointed Chief Operating Officer to lead implementation.

What asset types will Token Cat (TC) initially target under the policy?

Initial allocations will target emerging project tokens tied to AI, RAW-to-chain, and token-equity hybrid models.

How will Token Cat (TC) store acquired crypto assets?

The company will use highest-tier custody providers and will not self-custody assets.

Who oversees Token Cat's crypto allocations and risk controls (TC)?

A newly formed Crypto Asset Risk Committee, led by the CFO, will oversee allocations and report to the Board.

Will Token Cat (TC) deploy the full USD 1 billion immediately?

No; deployment will proceed in phases based on market conditions, risk assessments, and capital needs.