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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.
Posted In: NIVF
