Nasdaq-listed CIMG (Creative Investment & Management Group) has signed a contract to acquire core assets of DeFi protocol iZumi Finance.
iZumi Finance provides liquidity services on Ethereum, BNB Chain and multiple Layer 2 networks.
CIMG plans to integrate DeFi technology into its existing financial services ecosystem through the acquisition. It also aims to improve asset management efficiency and accelerate expansion in the Web3 sector.
CIMG started in the coffee and food and beverage business and has now shifted its focus to cryptocurrency and digital health.
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Chi-gyu Hwang (황치규)
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