MultiMetaVerse to establish a joint venture for fintech business

MultiMetaVerse Holdings announced that it has entered into an agreement with Zhenghe Holding Co., Limited to establish a joint venture to invest in and trade alternative assets with the assistance of quantitative investment algorithms to be jointly developed by the parties. Pursuant to the Agreement, Zhenghe will own 80% of the new Joint Venture and responsible for its daily management and operation. MMV will hold a 20% stake and have the right to appoint one director to the Joint Venture’s board.