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

According to a report by Prnewswire on December 2, Deep Tide TechFlow news states that Token Cat Limited, a publicly listed company on the US stock market (NASDAQ: TC), has officially approved a policy for investment in encryption assets by its board of directors, authorizing the company to allocate a portion of its cash reserves to selected encryption assets under a strict Risk Management framework.

The board has approved a total allocation limit of up to $1 billion for digital asset planning. Deployment will be carried out in phases based on market conditions, risk assessment, and funding management needs. The initial allocation will focus on emerging encryption project tokens with strong growth prospects, including assets related to artificial intelligence, raw data on-chain initiatives, and token-equity hybrid models. Future expansion to other asset classes will require reassessment and approval from the board's risk committee.

The company will not self-custody the purchased encryption assets. A Risk Management Committee for encryption assets has been established, led by the Chief Financial Officer, to oversee asset allocation, manage risk control, and report regularly to the board of directors.