SunCar Technology Group announces plans to invest up to US$10 million in real-world asset cryptocurrency
Online reports that SunCar Technology Group Co., Ltd.(NASDAQ: SDA) announced that its board of directors has authorized the company to invest up to US$10 million in selected mainstream cryptocurrencies that are expected to benefit from the rapid development of real-world asset (RWA) tokenization. According to a report released by Ripple and the Boston Consulting Group in April 2025, the RWA market size is expected to grow from approximately US$25 billion in mid-2025 to US$19 trillion by 2033. Founded in 2007, SunCar is reshaping the customer experience of auto insurance and services in China. SunCar develops and operates a cloud-based digital platform that seamlessly connects car owners to a variety of automotive services and insurance protection options through a nationwide network of sales partners. As a result, SunCar has established an industry leading position in China's automobile electric vehicle electronic insurance market and B2B automobile service market.
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