Fiscal year 2025 was principally a period of strategic repositioning, capital formation, and platform development. The Company closed a $41.0 million private placement, rebranded from Qualigen Therapeutics, Inc. to AIxCrypto Holdings, Inc. in November 2025, assembled an entirely new executive leadership team, and began building infrastructure for its Real World Asset tokenization, AI agents and Embodied AI blockchain ecosystem businesses, enabling intelligent devices such as robots, smart vehicles, and drones to autonomously collaborate and execute tasks through Agents, and driving the silicon-based economy from concept to reality.
Management's complete discussion of results and risks is contained in the Annual Report on Form 10-K to be filed shortly with the Securities and Exchange Commission.
FISCAL YEAR 2025 HIGHLIGHTS
Strategic Repositioning and Capital Formation
Completed $41.0 million PIPE financing: In September 2025, the Company consummated a subscription agreement with investors including Faraday Future Intelligent Electric Inc. (NASDAQ:FFAI) as lead investor, strengthened the Company's balance sheet.
Rebrand and Nasdaq debut: On November 20, 2025, the Company was officially renamed from Qualigen Therapeutics, Inc. to AIxCrypto Holdings, Inc. and began trading on the Nasdaq Capital Market under the ticker symbol AIXC.
New executive leadership team: Concurrent with the PIPE closing, a new management team was appointed, including Co-Chief Executive Officer Jerry Wang and Chief Financial Officer Koti Meka, combining Web2 and Web3 expertise.
Platform and Ecosystem
Development of the AI Agent & EAI blockchain ecosystem: the Company completed the initial strategic planning of the AI Agent and EAI ecosystem together with the AIXC Foundation, and completed the planning and initial setup of the AI Agent & EAI ecosystem, including:Application layer, completed the early-stage build of AIxC Hub and general AI Agent ecosystem applications;Protocol-device layer, built the foundational platform for on-chaining robotic EAI devices;Infrastructure layer, completed planning of the technical direction.
Advancement of Real World Asset (RWA) business: RWA is the first business line the Company is bringing to market in 2026, with two tracks advancing in parallel:
Equity tokenization, deployed $10 million in February 2026 into FFAI stock, which the AIXC ecosystem intends to explore as an underlying asset for future on-chain equity tokenization frameworks. This transaction has been reviewed and approved by the Audit Committee as a related-party transaction;
Real estate loan tokenization, established a strategic partnership with Pinnacle Real Estate Group, aiming to build the first end-to-end online real estate loan ecosystem, improving the liquidity and execution efficiency of loan assets, and sharing returns. Strategic partnerships and ecosystem expansion: BitMart: launched a co-branded prepaid card, enabling real-world daily consumption use cases for crypto assets. BitMart is a top 20 global cryptocurrency exchange with over 12 million registered users. We partnered with BitMart to launch a co-branded virtual prepaid card, allowing users to use digital assets for everyday shopping and online payments. This is our first product extending Web3 capabilities into real-world consumption scenarios.Sei Foundation: partnered with a high-performance Layer 1 to support EAI, DePIN, and real-time on-chain application development. Sei is currently the fastest EVM Layer-1 blockchain, with sub-second finality. We have established a strategic technology partnership with the Sei Development Foundation, with Sei providing high-performance blockchain infrastructure support for the AIXC mobility and EAI robotics ecosystem.
AIxC Hub launched: The Company's primary user gateway launched formally in January 2026, surpassing 5,835,615 registered wallets and 1,392,427 daily active participants (as of March 16, 2026). The platform functions as a behavioral data engine, capturing real-time human decision-making patterns to train the Company's Embodied AI models.
Governance and compliance: The Company ...
