Important points
- ANPA, in partnership with Open Campus and Animoca Brands, plans to invest up to $50 million in EDU tokens over the next 24 months.
- The partnership aims to accelerate the adoption of institutional blockchain in education finance and expand the real-world utility of the EDU token.
Rich Sparkle Holdings Limited (NASDAQ: ANPA) announced on Friday that it will purchase up to $50 million of EDU tokens under a newly established agreement with Open Campus and Animoca Brands.
The acquisition is ANPA’s first major foray into cryptocurrencies and is expected to take place over the next 24 months through a combination of public market and over-the-counter transactions. Animoca Brands will donate $3 million worth of EDU tokens as part of the partnership.
The venture focuses on leveraging blockchain for education finance and aims for innovative education solutions through EduFi, embodied by staking, governance, and the EDU token, which serves as the native gas token for the EDU chain.
Open Campus Chairman Mohamed Ezeruddin said education has not kept up with the innovations seen in other sectors, but collaboration with ANPA will help change that.
“Education finance should be afforded the same ownership, transparency and opportunities that blockchain has already brought to other sectors,” Ezzeldin said. “We are building a financial layer for education to ultimately align incentives between learners, educators, and the institutions that serve them.”
“Education is the foundation of opportunity, and blockchain provides a powerful tool to improve access and financial literacy around the world,” said Yat Siu, co-founder and executive chairman of Animoca Brand.
“By partnering with ANPA and Open Campus to power EduFi, we are empowering learners and reshaping the future of education to be more transparent and inclusive. In the U.S. alone, the student loan market is worth $1.8 trillion and there is an urgent need for targeted innovation and disruption. We believe EduFi can provide that,” he added.
ANPA, a provider of ESG reporting and compliance services, designs and prints financial printed materials such as listing documents, financial reports, fund documents, circulars and announcements.
ANPA will work with Open Campus and Animoca brands to build a tokenization infrastructure that bridges traditional finance and Web3.
The company aims to leverage its corporate customer network of over 190 listed companies in Hong Kong and the US to accelerate the institutional adoption of education finance and expand the real-world utility of EDU tokens.
“We see tremendous potential for blockchain to transform education finance into an accessible and transparent ecosystem,” said Matthew Chan, CEO of ANPA. “Our partnership with Animoca Brands and Open Campus, and our strategic investment in the EDU token, reflects our belief in this vision and our commitment to supporting the next generation Web3-powered EduFi platform.”
