Digital asset firm Seven Stars Cloud (SSC) said it has signed an agreement to secure a $24-billion funding for a large-scale upgrade of bus services in China, offering blockchain-based asset digitization services.
Under a three-year contract with electric buses operator National Transportation Capacity, the New York-based blockchain company will provide fixed-income lease financing-based products, it revealed in a statement. Using its alliance network, SSC is committed to organizing two funding campaigns – one in China for 60 billion Chinese yuan ($8.76 billion) and another one on a global scale seeking to raise $15 billion.
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