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AiRWA Inc. (NASDAQ: YYAI) is a Delaware corporation focused on blockchain-based financial services. The company, previously known as Connexa Sports Technologies Inc., underwent a rebranding effective October 7, 2025, to emphasize its strategic focus on the tokenization of real-world assets (RWA) and the launch of its AiRWA Exchange platform. Its Korean name is 캐녹사 스포캠 테스트 네로지스.
Corporate Structure
AiRWA Inc. is governed by Chairman Hongyu Zhou and a board responsible for advancing the company’s Web3 initiatives. The company’s common stock carries CUSIP 831445408 and trades on the Nasdaq Global Market under the ticker YYAI. Key partnerships include a joint venture with JuCoin Pte Ltd and a collaboration with Inca Digital for providing security and compliance solutions for the AiRWA Exchange.
Tokenization by Roman Kraft
Recent Developments
- August 25, 2025: Connexa co-founded AiRWA Exchange with JuCoin Pte Ltd, aiming to create a platform for tokenized RWA trading.
- September 24, 2025: A partnership was announced with Inca Digital to integrate advanced monitoring, threat detection, and compliance tools into the exchange.
- October 6, 2025: JuCoin confirmed a $100 million initial investment in AiRWA Exchange, which includes 150,000 Solana tokens, valued at approximately $30 million.
- October 7, 2025: The corporate name was officially changed to AiRWA Inc.
- October 7, 2025: AiRWA Exchange completed test settlements of tokenized U.S. equities on Solana, indicating near-instant blockchain settlement.
- October 7, 2025: The platform is set for an initial rollout to approximately 4 million users from JuCoin, offering tokenized equities and major cryptocurrencies with 24/7 access.
- October 8, 2025: Shares of AIRWA INC closed at $0.2910, reflecting an increase of 61.67% on a trading volume of 51,033,225 shares.
Financial and Strategic Analysis
The 61.67% increase in share price on October 8, 2025, may indicate market reaction to the company's rebranding efforts and the capital commitment from JuCoin. The initial funding of $100 million is part of a proposed $500 million financing plan, which provides resources for platform development and marketing. Building trading pairs on Solana may leverage high throughput and low-fee structures, potentially enabling AiRWA Exchange to provide efficient settlement solutions. Successful test runs of tokenized U.S. equities support the exchange's operational infrastructure, which may foster confidence among institutional and retail investors. The collaboration with Inca Digital addresses compliance and security considerations, which are vital for broader market participation.
Market Position and Industry Context
AiRWA Exchange competitors include platforms such as Securitize, tZero, and OpenFinance, all of which are targeting the RWA tokenization market. By utilizing Solana, AiRWA differentiates itself through scalability and lower transaction costs in comparison to Ethereum-based platforms. The planned onboarding of 4 million JuCoin users could facilitate customer acquisition and liquidity from launch. The integration of compliance and threat-detection capabilities through Inca Digital aligns the platform with standards necessary for institutional engagement, helping mitigate regulatory challenges. As interest in blockchain-enabled asset trading increases, AiRWA’s financial backing, technological partnerships, and strategic positioning may allow it to capture a meaningful share of the RWA ecosystem.
tl;dr
On October 7, 2025, Connexa Sports Technologies Inc. rebranded to AiRWA Inc. Following a $100 million investment by JuCoin, which includes 150,000 Solana tokens, and a partnership with Inca Digital announced on September 24, 2025, AiRWA Exchange successfully completed test settlements of tokenized U.S. equities on the Solana blockchain. Trading is set to launch for 4 million JuCoin users with 24/7 access to tokenized assets and major cryptocurrencies. AIRWA INC shares closed at $0.2910 on October 8, 2025, representing an increase of 61.67% on 51 million shares traded. Future performance will depend on the execution of the platform rollout and the expansion of tokenized offerings.
