Alset ehome international inc. singapore subsidiary alset international and novum alpha announce joint venture to launch maiden cryptocurrency etp on six swiss exchange

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"). pursuant to the agreement, sedcapital will own 50.0% of the issued and paid-up capital in the joint venture company, credas capital pte ltd ("credas"), with the remaining 50.0% shareholding stake held by novum alpha.
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