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According to Morningstar, UK listed company TAO Alpha PLC announced that it has launched its second convertible loan after obtaining a fixed price convertible loan of £ 5 million, with an expected fundraising of at least £ 100 million. Blockchain and digital asset investment company ParaFi Capital LP will participate and provide an initial £ 20 million. It is reported that TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to manage its financial assets. Its new financial policy, with a focus on Bitcoin, allows for up to two-thirds of its cash reserves to be allocated to Bitcoin and stablecoins. The latest financing terms are expected to be finalized in mid July.