Key Takeaways
- ANPA will invest up to $50 million in EDU tokens over the next 24 months in partnership with Open Campus and Animoca Brands.
- The collaboration aims to foster institutional blockchain adoption in education finance and expand the real-world utility of the EDU token.
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Rich Sparkle Holdings Limited (NASDAQ: ANPA) announced on Friday that it will purchase up to $50 million in EDU tokens under a newly established agreement with Open Campus and Animoca Brands.
The acquisition, ANPA’s first major venture into crypto, will take place over the next 24 months through a combination of open-market and over-the-counter transactions. Animoca Brands will contribute $3 million worth of EDU tokens as part of the partnership.
The venture focuses on harnessing blockchain for education finance, aiming at transformative educational solutions via EduFi, embodied by the EDU token, which serves for staking, governance, and as the native gas token for EDU Chain.
According to Open Campus president Mohamed Ezeldin, education has not kept pace with the innovation seen across other sectors, and the collaboration with ANPA helps change that.
“Education finance deserves the same ownership, transparency, and opportunity that blockchain has already brought to other sectors,” said Ezeldin. “We’re building the financial layer for education to finally align incentives between learners, educators, and the institutions that serve them.”
“Education is the foundation of opportunity, and blockchain offers a powerful tool to enhance access and financial literacy worldwide,” said Yat Siu, co-founder and executive chairman of Animoca Brands.
“By advancing EduFi in partnership with ANPA and Open Campus, we are empowering learners and reshaping the future of education to be more transparent and inclusive. In the US alone, the student loan market is worth $1.8 trillion and urgently needs targeted innovation and disruption—which we believe EduFi can provide,” he added.
A provider of ESG reporting and compliance services, ANPA designs and prints financial print materials, including listing documents, financial reports, fund documents, circulars, and announcements.
ANPA will work with Open Campus and Animoca Brands on building a tokenization infrastructure that bridges traditional finance and web3.
The company is looking to accelerate institutional adoption of education finance and expand its real-world utility for the EDU token using its corporate client network of over 190 publicly listed companies across Hong Kong and the US.
“We see immense potential in blockchain to transform education finance into an accessible, transparent ecosystem,” Matthew Chan, CEO of ANPA, stated. “The partnership with Animoca Brands and Open Campus and our strategic investment in EDU tokens reflect our conviction in this vision and our commitment to supporting a next-generation Web3-powered EduFi platform.”