HVA Investment Joint Stock Company (HVA Group) has just approved a business cooperation deal with ETH Blockchain Technology Joint Stock Company (ETH Blockchain Company) to deploy investment in exploiting ETH digital assets on ETH Capital's platform.
In the third and fourth quarters of this year, HVA plans to invest 10 billion VND with ETH Blockchain Company in the form of business cooperation under a BCC contract within 2 years, aiming to invest in exploiting ETH digital assets in the Ethereum ecosystem through the staking mechanism and platform of ETH Capital.
At the same time, HVA plans to transfer all of its capital contribution to the FUNDGO Creative Startup Investment Fund (FUNDGO Fund) at a rate of 25,39% to Mr. Vuong Le Vinh Quan in September and October this year.
Previously, on August 13, the Board of Directors of HVA approved the cooperation with OnusChain Blockchain Technology JSC (OnusChain Company) to upgrade, develop and exploit the Onus Chain blockchain platform. The total investment capital of the project is 50 billion VND, of which HVA spends 25 billion VND.
During the project implementation period, the Company will enjoy preferential fixed profits regardless of the business results of this platform, equivalent to 5%/year on the total actual contributed capital.
Regarding investment benefits, OnusChain Company has invested in research and created the OnusChain blockchain platform - a blockchain platform with outstanding advantages for application in financial technology and crypto assets. This technology platform has been completed and put into trial operation from January to June 2024 and has had very positive results.
Based on this result, OnusChain Company decided to expand, upgrade and cooperate with investors in this blockchain platform in the next phase. Phase 2 is expected to increase processing speed, save energy, enhance security and safety while supporting many other important projects and fields such as media, healthcare, education and e-commerce, etc.
“Along with the development of information technology and the Government's current policies to encourage and facilitate blockchain technology, investing in Onus Chain promises potential for development and high profits in the future,” HVA stated in the resolution.
HVA's business strategy has changed recently. Last year, the company restructured its investments and divested from the agricultural business by transferring all shares at Dai Phat Vina Joint Stock Company.
By 2024, HVA leaders want to focus on financial investment and technology, planning to invest in the Onstocks artificial intelligence platform, Onus Blockchain platform, HanaGold technology gold trading project, FUNDGO technology ecosystem, and LiveTrade professional financial brokerage.
