AIxCrypto enters $10 million term sheet for Faraday Future stake

AIxCrypto Inc. (NASDAQ: AIXC) announced it entered into a non-binding term sheet to purchase $10 million of Faraday Future (NASDAQ: FFAI) common stock. The proposed transaction would be facilitated by an independent third party.

The company stated it intends to use the Faraday Future shares as the foundational asset for its first tokenized equity product if definitive agreements are executed. AIxCrypto described the initiative as part of its strategy to launch a tokenized Real World Asset business using its blockchain infrastructure.

According to the press release, the structure aims to digitize the equity issuance lifecycle and serve as a bridge between traditional capital markets and blockchain-based systems. The company indicated it would provide updates if a binding agreement is reached, subject to necessary approvals.

AIxCrypto describes itself as a U.S.-listed company focused on integrating artificial intelligence and blockchain technology. The company's products include the BesTrade DeAI Agent and AIxC ecosystem products.

The announcement contained extensive forward-looking statements and risk disclosures typical of public company communications, noting that actual results may differ materially from projections due to various factors including regulatory uncertainties, market conditions, and the ability to complete the proposed transaction.

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