TechFlow, October 14 — According to PRNewswire, NASDAQ-listed JZXN announced the completion of a private placement financing transaction conducted in cryptocurrency, raising 100 bitcoins.
The company stated that the proceeds will be allocated specifically toward two strategic priorities: building an intelligent technology-driven digital asset custody platform and developing advanced cryptographic storage systems. These initiatives aim to strengthen JZXN's infrastructure service capabilities in the digital economy era.
JZXN CEO Tao Li said, "The bitcoin funds will support R&D activities in foundational blockchain technologies, particularly secure multi-party computation and zero-knowledge proof technologies, as the foundation for a next-generation digital financial services platform."
