Value of tokenized assets could be expanded to US$1 billion under the terms of the agreement; NewGenDigital to earn 5% commission on assets sold
BANGKOK, Nov. 05, 2025 (GLOBE NEWSWIRE) -- NewGenIvf Group Limited (NASDAQ:NIVF) ("NewGen" or the "Company"), a tech-forward, diversified, multi-jurisdictional high-growth entity transforming industries through innovative solutions across real estate development, digital asset management and reproductive health solutions, today announced that its subsidiary, NewGenDigital Limited ("NewGenDigital"), has signed an engagement letter effective October 30, 2025 with SAXA, Inc. ("SAXA") to act as the worldwide agent for the tokenization of an initial US$100 million tranche of SAXA's gold-backed assets.
The agreement, which is contractually binding upon execution of the engagement letter, represents part one of a two-part transaction. Part two consists of a proposed reverse merger between the two companies, details of which were announced by NewGen on November 3, 2025. NewGen and SAXA agree that the tokenization under part one is intended to support and facilitate part two, and establishes a baseline of sincere, good faith cooperation between the two companies.
The strategic agreement also reinforces NewGen's commitment to embracing tokenization initiatives and innovative digital asset strategies, building upon the Company's recent successful entry into the art tokenization market. The gold-backed asset tokenization represents a significant expansion of NewGen's digital asset portfolio into the precious metals sector, demonstrating the Company's ability to tokenize diverse high-value asset classes and create new revenue streams through its blockchain expertise.
The agreement includes provisions to expand the tokenization of additional assets up to a total value of US$1 billion, subject to the successful completion of the initial tranche. NewGenDigital will earn a 5% commission on the tokenized assets sold, representing a potentially significant new revenue opportunity of upwards of US$5 million for the Company. Under the terms of the engagement letter, NewGenDigital will provide comprehensive tokenization services including advisory services for SPV structure establishment, legal framework development, technical blockchain implementation, and marketing strategy execution.
Mr. Siu Wing Fung Alfred, Founder, Chairman, and CEO ...
