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Home News Crypto

BioNexus Gene Lab Adopts Ethereum as Primary Treasury Asset

6 March 2025
in Crypto, News
Reading Time: 2 mins read
107 1
source: coinstats.app

source: coinstats.app

Malaysia-based BioNexus Gene Lab has announced a shift in its treasury strategy, prioritizing Ethereum (ETH) over Bitcoin (BTC) as its primary digital asset.

 Following President Trump’s announcement to establish this reserve, the company decided to include Ethereum in the U.S. Crypto Strategic Reserve. This positions Ethereum as a key asset alongside Bitcoin. BioNexus conducted an internal review highlighting Ethereum’s institutional adoption, staking potential, and dominance in decentralized finance (DeFi) as key factors in their decision.

CEO Sam Tan emphasized Ethereum’s liquidity, stability, and utility, describing it as a strategic asset that places the company at the forefront of blockchain-integrated corporate finance. He also pointed to Wyoming’s pro-blockchain regulatory framework as a contributing factor, noting that the state’s favourable policies create a supportive environment for digital asset businesses.

BioNexus emphasized Wyoming’s regulatory advancements, especially the Wyoming Stable Token Act, which permits the issuance of Wyoming Stable Tokens (WYST) pegged to the U.S. dollar. This legislation enhances Ethereum’s significance in financial markets and validates the company’s treasury strategy.

In its recently published whitepaper, ETH Strategy, BioNexus outlined Ethereum’s advantages over Bitcoin, particularly its staking mechanism, which offers an annual yield of 3% to 5%. The company described this feature as a key factor in its decision, positioning ETH as an attractive asset for treasury management.

The report highlights Ethereum’s significant role in global finance, particularly as the settlement layer for stablecoins like Tether (USDT) and USD Coin (USDC), which handle trillions in transactions annually. It notes Ethereum’s efficiency in cross-border payments and its increasing adoption by banks, investment firms, and publicly traded companies, indicating its growing integration into mainstream finance.

BioNexus is optimistic about Ethereum’s long-term prospects, especially with the Pectra upgrade set for April. This update aims to improve wallet functionality, validator operations, network performance, and smart contract deployment, enhancing Ethereum’s role in institutional finance and solidifying its position as a key asset in the digital economy.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Tags: BioNexus GeneEthereum
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Jewel Buddy

Jewel Buddy

Buddy Jewel is a finance writer specializing in cryptocurrency news. With a keen eye on the latest developments in the digital asset space, I provides insightful and timely updates on the ever-evolving world of crypto.

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