InvestmentJul 14, 2026, 07:03 AM
Youxin Technology to Invest $20M in RiverBit for 10% Stake
AI Summary
Youxin Technology Ltd has signed a non-binding term sheet to make a strategic investment in RiverBit Holding Limited, a developer of a decentralized perpetual contracts trading platform. Youxin intends to acquire a 10% equity interest in RiverBit for an expected $20,000,000, based on a $200,000,000 valuation. This investment is contingent upon RiverBit achieving certain operating milestones, including 2,000 daily users and $100,000,000 in daily trading volume within three months of its planned mid-August 2026 launch. The move aligns with Youxin's strategy to expand digital capabilities and explore AI applications in fintech.
Key Highlights
- Signed non-binding term sheet with RiverBit Holding Limited for strategic investment.
- Intends to acquire a 10% equity interest in RiverBit upon milestone achievement.
- Investment based on a pre-agreed valuation of $200,000,000.
- Expected aggregate purchase consideration of $20,000,000 for the stake.
- Investment contingent on RiverBit achieving 2,000 daily users and $100M daily trading volume.
- RiverBit's decentralized perpetual contracts platform expected to launch mid-August 2026.
- Purchase consideration may be satisfied via Youxin Class A ordinary shares, cash, or both.
- Aims for early strategic exposure to on-chain RWA and tokenized U.S. equity perpetual markets.
Price Impact
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