The board of directors of the US-listed company Token Cat Limited has approved a $1 billion encryption asset investment policy.

PANews, December 2 - According to a report by PR Newswire, Token Cat Limited (NASDAQ: TC) announced that its board of directors has officially approved a digital asset investment policy, authorizing the company to allocate a portion of its cash reserves to selected digital assets under a strict risk management framework. The board has approved an overall allocation limit for digital asset planning of up to $1 billion. Deployment will be carried out in phases based on market conditions, risk assessments, and funding management needs. The initial allocation will focus on emerging encryption project tokens with strong rise prospects, including assets related to artificial intelligence, original data on-chain plans, and Token-equity hybrid models. Future expansions into other asset classes will require reassessment and approval by the board's risk committee. The company will not self-custody the acquired digital assets. The company has established a digital asset risk committee led by the Chief Financial Officer, responsible for overseeing asset allocation, managing risk control, and regularly reporting to the board.