Benzinga | Mar 24, 2021 09:02AM EDT

SOS Says Has Taken Initial Steps To Establish A Digital Asset Exchange

SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has taken preliminary steps to establish a digital asset exchange. Specifically, the Company entered into a tailor-made license to use a blockchain asset exchange software system made by a third party in exchange for a one-time licensing fee.

Once the software is installed and operational, the Company expects to establish a digital asset exchange. The Company also intends to offer security and insurance services for digital assets. The Company's Chairman and Chief Executive Officer, Yandai Wang, commented "This is a key step in our blockchain and cryptocurrency strategy. The digital asset exchange is an important part of our goal to provide blockchain services, digital asset security services and Decentralized Finance (DeFi) services."