Maison Solutions' stock price skyrockets! Plans to raise $70 million to build a Worldcoin digital asset vault
Maison Solutions has signed a securities purchase agreement with a U.S. institutional investor, planning to issue up to $70 million in convertible notes through a private placement. The funds will be used to launch a digital asset treasury centered around Worldcoin. The company will explore blockchain-related initiatives, including cross-border payments and financial inclusion. As a result of this news, Maison Solutions' stock price surged over 305% in early trading on Monday
According to Zhitong Finance APP, Maison Solutions (MSS.US) has signed a securities purchase agreement with a U.S. institutional investor to privately issue up to $70 million in convertible notes. The funds raised will be used to launch a digital asset treasury centered around Worldcoin (WLD) — the native token of the World Network. The company plans to explore blockchain-related initiatives, including: cross-border payments using WLD as a reserve asset, financial inclusion for underserved customers, identity verification-based anti-fraud loyalty programs, and human-verified customer interactions utilizing "human certification" technology. Additionally, Maison Solutions may consider deploying Worldcoin Orb devices in stores for offline identity verification, but has not yet applied to join the World Network or received approval for Orb deployment. As a result of this news, as of the time of publication, Maison Solutions' stock surged over 305% in early trading on Monday.
It is reported that Worldcoin is a digital identity project co-founded by OpenAI founder Sam Altman, aimed at providing a key "Proof of Human" solution for an increasingly AI-driven world. The project has developed unique spherical iris scanning hardware (Orb), allowing users to verify their unique human identity by scanning their iris to participate in Worldcoin transactions. The project was launched in the U.S. last July.
According to reports, Worldcoin utilizes zero-knowledge proof technology to confirm that a user is a real and unique human without storing their biometric information on the blockchain.
Sam Altman stated, "If our mission is successful, Worldcoin could become the largest real human network online, fundamentally changing the way we interact and transact across the internet." Currently, the project has created nearly 16 million zero-knowledge human proof accounts in over 45 countries
