PANews reported on December 3 that on December 1, 2025, on-chain asset management platform Cicada Tech and Nasdaq-listed Linkage Global announced the signing of a non-binding letter of intent for a merger and acquisition, and issued a 6-K filing this week. According to the transaction, Linkage Global plans to acquire 100% of Cicada's equity for a total consideration of $60 million, of which $3 million will be paid in cash, and the remainder will be paid through the issuance of Linkage Global Class A ordinary shares.

Gary Yang, founder of Cicada Tech, stated that the world is rapidly entering a new financial environment, with asset management and investment undergoing paradigm shifts. Cicada combines extensive Crypto experience with over 15 years of professional financial management expertise to fully develop RWA (Real Estate Investment Fund) into a leading financial stock and build a future-oriented on-chain asset management industry.