Heritage Distilling partners with Story Foundation for the acquisition of IP tokens worth 82 million USD

2025-08-25 04:05:34

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Heritage Distilling (Nasdaq: CASK) collaborates with Story Foundation to announce the acquisition plan of $IP token worth 82 million USD, taking place from August 15 to November 16, 2025, at a fixed price of 3.40 USD/token. This is part of a PIPE funding of 220 million USD, marking the first acquisition program of a Nasdaq-listed company for tokenized IP assets.

This move indicates a shift in fund management and the governance model of tokenized assets. The Story Foundation emphasizes a commitment to transparency to strengthen investor confidence in the IP token ecosystem. The market sees this as a potential turning point, shaping how public companies implement token economic strategies in the future.

Currently, the $IP token is trading around 6.23 USD with a market capitalization of approximately 1.89 billion USD, with volume increasing by 54.74% recently. This program is expected to have a strong impact on liquidity and long-term value, being closely monitored by the community and analysts.

TOKEN0,72%

IP4,21%

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