Connexa and JuCoin Sign $500 million Agreement to Launch a New Cryptocurrency Exchange focused on RWA
The Parties Have Also Signed a Strategic Memorandum of Understanding to:
Launch a New Stablecoin in Asia;
Drive Growth in the Stablecoin Sector; and
Develop Next-Generation Financing Solutions
Smyrna, Delaware and Singapore, Aug. 25, 2025 (GLOBE NEWSWIRE) -- In a landmark collaboration set to drive the future of digital finance, Connexa Sports Technologies Inc. (NASDAQ:YYAI) ("YYAI") and JuCoin Capital Pte Ltd ("JuCoin"), a leading crypto exchange in Asia, have signed a $500 million agreement to jointly establish aiRWA, a next-generation cryptocurrency exchange focused on RWA to bridge the physical and digital worlds. The parties have also signed a Memorandum of Understanding to launch USDR, a new stablecoin in Asia, and to co-develop innovative stablecoin infrastructure and digital asset services.
JuCoin is a leader in the digital finance space. Based in Singapore, JuCoin is a globally recognized cryptocurrency brand offering an all-in-one digital asset platform, as well as blockchain infrastructure and Web3 applications. YYAI, with its listing on Nasdaq, is experienced in traditional finance, capital markets, and public company operations.
Recognizing the transformative power of blockchain technology and digital currencies, the two partners aim to leverage their respective strengths in digital asset innovation and traditional finance. This strategic partnership marks a significant step toward bridging the gap between conventional financial systems and the emerging decentralized economy. RWA is an ideal vehicle for this.
RWA crypto refers to the tokenization of real-world assets on a blockchain, turning physical and financial assets into digital tokens. RWA effectively blends traditional investments, such as real estate, government bonds and fine art, with the efficiency, transparency and accessibility of blockchain technology.
"This partnership reflects our shared vision for a more interconnected, efficient and secure global financial ecosystem," said Hongyu Zhou, Chairman of YYAI. "We believe that by aligning our expertise, we can lead the next wave of innovation in digital asset markets, where real-world assets and the digital markets intersect."
Establishing a Cutting-edge Crypto Exchange
The parties have begun their cooperation by signing a comprehensive joint venture agreement committing to contribute $250 million each, in the form of cash, stablecoin, Ethereum or Bitcoin, to launch aiRWA, a new cryptocurrency exchange designed to offer users a platform focused on RWA crypto, the next frontier in crypto trading. The parties intend for aiRWA to also offer:
Deep liquidity and high-efficiency market matching;
Advanced cross-chain technology ...
