MEMESTRATEGY (02440) has announced that the Trading Card Fund I (Pikachu With Grey Felt Hat) LPF will accept subscriptions indefinitely. EVIDENT is anticipated to become the fund's first limited partner.

As the fund's general partner, RWA Labs Limited, a wholly-owned subsidiary of the company, will have sole responsibility for the fund's operations. This includes portfolio management and all investment and divestment decisions, as well as the management, conduct, and control of its business and affairs. All decisions, specifically concerning the target asset—exclusively the "Pikachu With Grey Felt Hat" card graded PSA 10—will be made strictly in accordance with the limited partnership agreement, with no involvement from limited partners.

For clarity, the company currently has no intention of participating in the fund as a limited partner. Instead, the company may indirectly gain economic exposure to EVIDENT's partnership interest in the fund by purchasing tokens on a platform. The board believes that purchasing tokens is preferable to a direct investment as a limited partner because the tokens effectively provide the same economic exposure to the underlying collectible card, with the added potential benefit of being eligible for secondary market trading.

The group has previously outlined plans to extend its existing core data management business into blockchain solutions and real-world asset applications, including those involving culture and intellectual property. Aligning with this strategy, the fund will invest in a physical Pokémon collectible card: the "Pikachu With Grey Felt Hat" card from the Pokémon x Van Gogh Museum collaboration, which has received a PSA Gem Mint 10 grade.

EVIDENT, expected to be the fund's first limited partner, will subsequently tokenize its partnership interest in the fund. These tokens will then be made available for purchase by professional investors. As the parent company of the fund's general partner, MEMESTRATEGY's business plan directly aligns with this broader strategic expansion.

The fund's structure mandates the use of an IoT-enabled physical vault for the storage and protection of the acquired physical Pokémon card. This storage, verification, and data management infrastructure is consistent with the company's existing capabilities and its stated intention to extend those capabilities into blockchain-enabled and RWA-related solutions.

Concurrently, EVIDENT's tokenization of its partnership interest in the fund, and the subsequent availability of these tokenized interests on its platform, further supports the company's strategic objective of applying blockchain technology to physical assets. Although the underlying asset is a physical collectible card, the tokenization of the partnership interest enables blockchain-based indirect ownership of a real-world asset. This approach aligns with the company's planned business evolution and complements its expansion initiatives.