The US-listed company Scilex Holding has signed a memorandum of cooperation with Biconomy.com to establish a strategy for Crypto Assets and asset management plan.

Odaily News Scilex Holding Company, a U.S. publicly listed company focused on non-opioid pain management products, announced the signing of a non-binding, non-exclusive memorandum of cooperation with Biconomy.com. The two parties will collaborate on cryptocurrency and asset management strategies. The cooperation includes three main areas: providing Scilex with global digital asset trading services using Biconomy's cryptocurrency trading platform, involving major cryptocurrencies such as Bitcoin and Ethereum, with potential values exceeding one billion dollars for each cryptocurrency; establishing cryptocurrency asset management strategies for Scilex that balance security, Liquidity, Compliance, and returns; and providing Scilex with financial and trading information through Biconomy.com’s technology to facilitate digital asset monetization. (GLOBE NEWSWIRE)