Catenaa, Friday, August 22, 2025-Three affiliated AMTD Group companies listed on the New York Stock Exchange announced a program allowing investors to swap digital assets for newly issued shares.
The initiative involves AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE), offering holders of Bitcoin, Ethereum, USDT, BNB, and USDC the option to exchange tokens for stock at prevailing market values.
The firms described the program as a bridge between crypto and traditional equities, including American depositary shares tied to US-traded securities of foreign issuers.
AMTD emphasized its broader ecosystem, encompassing media, marketing, investments, hospitality, fashion title L’Officiel, The Art Newspaper, and entertainment ventures.
The assets aim to support VIP experiences, financial education, and leisure opportunities alongside stock issuances.
The announcement comes amid rising interest in crypto-related public listings. Circle’s June debut surged nearly 10 times from its $31 offering price, while Bullish more than tripled its IPO price of $37 on its first day of trading.
Other firms, including OKX, Grayscale, and Kraken, are exploring or preparing for public offerings.
The regulatory climate has grown more favorable under President Donald Trump, with most SEC cases against crypto firms dropped and executive action encouraging alternative assets in retirement plans.
