IVD Medical Allocates $19M in Ether to Power Tokenization Platform and Expand Crypto Treasury Strategy

Hong Kong-based IVD Medical Holdings has added $19 million (HK$149 million) worth of ether (ETH) to its corporate treasury, signaling a deeper commitment to blockchain innovation beyond passive asset holding.

The company plans to leverage its ETH reserves as the foundation for its upcoming real-world asset (RWA) tokenization platform, ivd.xyz, which will focus on pharmaceutical intellectual property and other healthcare-related assets. The platform will be built entirely on Ethereum smart contracts, with ETH functioning as both a yield-generating treasury asset and a settlement layer for its operations.

“Ethereum is the world’s most mature smart contract ecosystem,” said Chief Strategy Officer Gary Deng in a statement to CoinDesk. “Its high liquidity and institutional acceptance—underscored by the SEC’s approval of a spot ETH ETF—make it the ideal choice for powering our platform.”

IVD Medical intends to use ETH to automate revenue sharing, verify on-chain ownership, and enforce compliance within tokenized asset structures. The cryptocurrency will also underpin the firm’s forthcoming IVDD stablecoin, facilitating cross-border transactions aligned with Hong Kong and U.S. regulatory frameworks.

Revenue generated from RWA activity on the platform will be converted into ETH and funneled into the treasury. In addition to holding ETH, the company aims to maximize returns through staking, re-staking, and exposure to on-chain derivatives—strategies designed to increase liquidity and reduce downside risk.

This strategic shift places IVD Medical among a growing cohort of HKEX-listed firms incorporating crypto assets into treasury management. While many—including Boyaa Interactive (0434.HK) and Meitu (1357.HK)—have opted for bitcoin, IVD stands out for integrating ETH into both its operations and balance sheet.

Boyaa holds over 3,100 BTC (valued at over $300 million), having converted most of its ether to bitcoin. Meitu previously acquired 31,000 ETH and 940 BTC before exiting those positions. Other companies with modest BTC holdings include Yuxing InfoTech (8005.HK), Moon Inc. (1723.HK), and Walnut Capital (0905.HK).

IVD’s ether acquisition coincides with a broader strategic partnership announcement with HashKey Group, operator of the licensed HashKey Exchange in Hong Kong.