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

News Market Reaction

-0.67%

1 alert

-0.67% News Effect

On the day this news was published, TC declined 0.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Crypto allocation cap: USD 1 billion Executive experience: 30 years

2 metrics

Crypto allocation cap USD 1 billion Overall Board-approved limit for digital asset planning

Executive experience 30 years Sav Persico’s experience in crypto and blockchain

Market Reality Check

Price: $12.40 Vol: Volume 4,161 is at 0.52x ...

low vol

$12.40 Last Close

Volume Volume 4,161 is at 0.52x the 20-day average of 7,952, suggesting limited pre-news activity. low

Technical Price at 16.29 is trading above the 200-day MA of 14.91, after a -58.22% pullback from the 52-week high.

Peers on Argus

TC was down 1.86% while key peers were mixed: ABLV up 9.27%, FLNT up 4.33%, SWAG...

1 Up

TC was down 1.86% while key peers were mixed: ABLV up 9.27%, FLNT up 4.33%, SWAG up 2.45%, and ACCS slightly down. Momentum scanner only flagged SWAG with a 10.53% move, pointing to stock-specific factors for TC.

Common Catalyst Peer news centered on financing (e.g., FLNT’s new credit facility), not crypto asset allocation.

Historical Context

5 past events · Latest: Dec 2 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 2	Crypto policy approval	Positive	-0.7%	Board approved up to <b>USD 1 billion</b> crypto asset investment policy.
Nov 26	Crypto leadership hire	Positive	+0.6%	Appointed Sav Persico as COO to drive crypto asset strategy.
Nov 20	Sales cooperation deal	Positive	-5.6%	Signed cross-border cooperation targeting <b>$1 billion</b> overseas sales.
Nov 14	AI energy fundraising	Positive	-0.7%	Authorized evaluation of up to <b>$500 million</b> AI energy fundraising.
Aug 27	Reverse ADS split	Neutral	+16.7%	Announced planned <b>1-for-20</b> reverse ADS split effective Aug 29.

Pattern Detected

Strategic and transformational announcements have produced mixed reactions, with several positive-sounding updates followed by negative or muted next-day moves.

Recent Company History

Over recent months, Token Cat has pursued major strategic shifts, including a planned 1-for-20 reverse ADS split on Aug 29, 2025, authorization to evaluate up to $500 million in fundraising for nuclear fission-related AI energy projects on Nov 14, 2025, and a $1 billion cross-border sales cooperation on Nov 20, 2025. More recently, the company appointed crypto specialist Sav Persico on Nov 26, 2025 and then approved a $1 billion crypto asset investment policy, highlighting an ongoing pivot toward crypto and AI-linked initiatives.

Market Pulse Summary

This announcement outlines a Board-approved Crypto Asset Investment Policy with an allocation ceilin...

Analysis

This announcement outlines a Board-approved Crypto Asset Investment Policy with an allocation ceiling of up to USD 1 billion, a focus on emerging AI and RAW-to-chain tokens, and a non-self-custody approach overseen by a Crypto Asset Risk Committee. It builds on the recent hiring of Sav Persico to lead the strategy. Investors may watch how quickly capital is deployed, which asset types are prioritized, and how this interacts with other large initiatives such as fundraising and cross-border partnerships.

Key Terms

crypto asset investment policy, crypto assets, blockchain, token-equity hybrid models, +2 more

6 terms

crypto asset investment policy financial

"has formally approved a Crypto Asset Investment Policy (the "Policy"),"

A crypto asset investment policy is a set of written rules an organization uses to decide how much to invest in cryptocurrencies and similar digital tokens, how those holdings are bought, stored and sold, and what risks and controls must be in place. Think of it as a household budget or recipe that sets limits, safekeeping steps and review checkpoints so investors understand potential returns, volatility, custody risks and regulatory requirements before allocating money to these assets.

crypto assets financial

"allocate a portion of its cash reserves into selected crypto assets under a"

Crypto assets are digital tokens secured by cryptography and recorded on decentralized ledgers, used as money, ownership claims, or access rights to services and networks. They matter to investors because their prices can move sharply, offering the potential for big gains or losses, and they can change exposure to new technologies and regulatory risks—think of them as volatile digital commodities or currencies stored in a digital wallet.

blockchain technical

"Sav Persico, with thirty years of crypto and blockchain experience, as Chief"

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

token-equity hybrid models technical

"RAW-to-chain initiatives, and token-equity hybrid models. Any future expansion"

A token-equity hybrid model blends blockchain tokens with traditional company ownership by giving token holders some rights similar to shareholders — for example profit sharing, voting, or a path to convert tokens into stock — while keeping tokens tradeable like digital assets. For investors this matters because it can create faster liquidity and new ways to share company upside, but also adds legal and valuation uncertainty, potential dilution, and different risk compared with ordinary shares.

custody financial

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

Custody is the safekeeping and management of financial assets, such as stocks or bonds, by a specialized institution on behalf of an investor. It ensures that the assets are securely stored, properly maintained, and accurately accounted for, similar to how a bank safely holds valuables for a customer. This arrangement gives investors confidence that their assets are protected and properly managed, allowing them to focus on their investment goals.

crypto asset risk committee financial

"The Company has formed a Crypto Asset Risk Committee, led by the CFO, to oversee"

A crypto asset risk committee is a designated group of leaders who assess and set rules for the risks tied to digital assets — such as price swings, custody failures, hacking, legal changes and partners’ reliability. Think of them like a ship’s crew checking weather, route and safety gear before a voyage: their decisions shape how aggressively a firm trades or holds crypto, how safe customer assets are, and how likely investors are to face unexpected losses or regulatory problems.

AI-generated analysis. Not financial advice.

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.