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Alset International and Novum Alpha plan to jointly develop, establish and list a digital assets-based exchange-traded product on the SIX Swiss Exchange by Q4 2021
Novum Alpha is one of the industry's leading algorithmically managed digital asset management firms with a regional footprint in Singapore, Malaysia, Vietnam, Indonesia and Thailand
The joint venture deepens Alset's position in the fast-growing global cryptocurrency market which recently topped US$2.0 trillion in value in April 2021
BETHESDA, MD / ACCESSWIRE / April 21, 2021 / Alset EHome International Inc. (NASDAQ:AEI) (the "Company"), a diversified holding company principally engaged through its subsidiaries in property development, digital transformation technology and biohealth activities, today announced that the Company's majority-owned subsidiary, Alset International Limited ("Alset International"), through its wholly-owned capital markets investment arm, SeD Capital Pte Ltd ("SeDCapital"), has entered into a joint venture agreement with digital asset management firm Novum Alpha Pte Ltd ("Novum Alpha").