AMTD Group, a publicly listed company in the US stock market, plans to launch a "Crypto Assets to Stock" conversion program.

Golden Finance reported that on Tuesday, three affiliated companies of AMTD Group listed on the NYSE proposed a conversion plan for crypto asset exchange for stocks, allowing holders to exchange Bitcoin, Ethereum, USDT, Binance's BNB, and USDC for newly issued stocks from the exchange. Companies participating in the program include AMTD IDEA (AMTD), AMTD Digital (HKD), and The Generation Essentials Group (TGE). The pricing of the program will be negotiated by both parties based on the market value at that time, and the shares can be allocated among the three issuers. The group positions this plan as a "channel and effective means" for portfolio diversification, stating that these issuances will "serve as a bridge between the world of Crypto Assets and global leading securities exchanges."