Overview
- Jiuzi signed a cooperation agreement with Exsat Network to explore and develop an institutional-grade cryptocurrency custody business targeting an eventual $3 billion scale.
- The initiative is in an exploratory build-out phase that envisions a global framework for depository and custody services rather than an immediately deployed asset pool.
- Exsat is set to supply blockchain infrastructure, wallet systems, and security architecture, while Jiuzi emphasizes Nasdaq-listed operational standards and regulatory compliance.
- Planned capabilities include multi-signature authorization, distributed custody, and on-chain transparent auditing, with potential add-ons such as settlement and yield products.
- Following the announcement, JZXN shares fell about 13% to $1.65, setting a new 52-week low, as the company pointed to this deal and a recent BitFi arrangement as pillars of a broader digital-asset strategy.