TechFlow, Sept 24 — According to GLOBE NEWSWIRE, Scilex Holding Company (Nasdaq: SCLX), a U.S. publicly traded company focused on non-opioid pain management products, announced it has signed a non-binding, non-exclusive memorandum of understanding with Biconomy.com to collaborate on cryptocurrency and asset management strategies.
The collaboration covers three main areas: leveraging Biconomy's cryptocurrency trading platform to provide Scilex with global digital asset trading services involving major cryptocurrencies such as Bitcoin and Ethereum, with potential value possibly exceeding one billion U.S. dollars per cryptocurrency; establishing a cryptocurrency asset management strategy for Scilex that balances security, liquidity, compliance, and yield; and providing Scilex with financial and trading information via Biconomy.com's technology to facilitate digital asset monetization.
