AMTD IDEA, AMTD Digital and TGE plan cryptocurrency conversion program

AMTD IDEA Group (NYSE: AMTD), AMTD Digital Inc. (NYSE: HKD), and The Generation Essentials Group (NYSE: TGE) announced plans to launch a cryptocurrency conversion program that would allow the companies to exchange newly issued ordinary shares for digital currencies including Bitcoin, Ethereum, Tether, BNB, and USD Coin.

The program would involve transactions with cryptocurrency holders at mutually agreed pricing based on prevailing market valuations, subject to applicable laws and regulations. Exchange arrangements may occur across any of the three companies, allowing for a combination of securities rather than a single allocation.

AMTD IDEA Group is dual-listed on the New York Stock Exchange and Singapore Exchange. AMTD Digital is a controlled subsidiary of AMTD IDEA Group, while TGE is a controlled subsidiary of AMTD Digital. All three companies trade on the NYSE.

The companies stated the program aims to serve as a diversification tool for cryptocurrency holders and act as a bridge connecting crypto assets with traditional stock exchange securities. The firms indicated they view the initiative as part of their mission to provide asset allocation options for digital currency holders.

AMTD Group, the parent conglomerate, operates businesses across digital banking, media and entertainment, hospitality services, and private education. The group indicated it plans to develop additional opportunities for cryptocurrency holders in the future.

The announcement included standard disclaimers stating the press release does not constitute an offer to sell securities and that any transactions would be subject to securities law requirements and regulatory approval.

The information is based on a press release statement from the companies dated August 19, 2025.

You May Also Be Interested In

• Cash App launches NFC-enabled payment accessories for cardholders
• NewGenIVF invests additional $4 million in K25.ai, adopts digital asset strategy
• Putin says Russia ready to compromise on Ukraine peace deal