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On Thursday, March 5, iZUMi Finance, a multi-chain DeFi service provider, officially signed a strategic partnership agreement with Nasdaq-listed digital asset company CIMG Inc.
According to an announcement released today, CIMG has proposed acquiring selected key assets, core patents, and intellectual property from iZUMi Finance.
Following the signed agreement, iZUMi Finance, a leading multi-chain DEX built on the innovative DL-AMM design, will allow CIMG to take over some of its core assets.
While both companies have previously collaborated on major projects, the announcement revealed that the proposed acquisition builds on the firms’ prior engagement, including the jointly launched $20 million Upstarts Fund, and represents a significant step in CIMG’s strategy to expand its institutional decentralized finance (DeFi) infrastructure.
Per the announcement, CIMG is on a mission to strengthen its DeFi architecture and deepen its presence within on-chain liquidity markets through the acquisition of iZUMi Finance’s technology assets and liquidity infrastructure.
Notably, under the proposed acquisition framework, CIMG intends to incorporate iZUMi Finance’s multi-chain liquidity technologies, liquidity management mechanisms, and governance infrastructure into its digital asset architecture.
Nonetheless, the successful acquisition of these technologies is expected to enhance on-chain capital efficiency and support optimized treasury yield generation, particularly from Bitcoin held within CIMG’s treasury.
In addition to acquiring iZUMi Finance’s technology assets and liquidity infrastructure, CIMG also revealed that it plans to acquire $IZI tokens for long-term staking and governance participation within the iZUMi ecosystem.
The proposed acquisition is designed to strengthen CIMG’s DeFi infrastructure capabilities by integrating iZUMi Finance’s intellectual property and liquidity technologies.
Furthermore, it is important to note that CIMG aims to enhance on-chain liquidity management and improve capital efficiency across decentralized markets by incorporating the assets into its institutional digital asset framework.
Source: https://zycrypto.com/nasdaq-listed-company-cimg-partners-izumi-finance-to-acquire-its-core-assets/
