Key Highlights:
- OSR Holdings (OSRH), BCM Europe, and Taekwondo Cooperative enter into an MOU to develop the "OSRH Token".
- The token will accept Bitcoin (BTC), Tether (USDT), and Taekwondo Access Credit (TAC) as subscription currencies.
- The MOU sets a three-month timeline for finalizing the legal and technical framework.
OSR Holdings, Inc. (NASDAQ: OSRH), a leader in healthcare and wellness innovation, has signed a Memorandum of Understanding (MOU) with BCM Europe AG and the Taekwondo Cooperative (TKD Coop) to jointly develop a blockchain-based security token, named the "OSRH Token". This strategic initiative is designed to enhance access to crypto-based liquidity and enable the implementation of crypto treasury strategies.
The OSRH Token will accept subscriptions in Bitcoin (BTC), Tether (USDT), and Taekwondo Access Credit (TAC). The TAC token, utilized by the global Taekwondo community since 2021, provides a proven infrastructure that will be integrated into the new security token.
BCM Europe AG, the largest shareholder of OSRH, plans to contribute its TAC token rights, reserve, and infrastructure to this venture, subject to definitive agreements. The partnership aims to leverage BCM Europe's blockchain expertise and further drive innovation within the wellness sector.
The Taekwondo Cooperative, a key stakeholder in blockchain adoption within the Taekwondo community, will continue its leadership role in promoting this integration. The MOU establishes a three-month term to finalize the legal and technical framework necessary for launching the OSRH Token.
