Ice Code Games to Acquire AMIHAN in Real-World Asset Tokenization Deal
ICG signs binding agreement to buy 100% of AMIHAN OÜ, positioning itself as Europe's first public real-world asset company.
Ice Code Games (ICG) has signed a binding Purchase and Sale of Participation Agreement to acquire 100% of AMIHAN OÜ, a move the company says will transform it into Europe's first publicly traded real-world asset and tokenization platform company. The deal marks a significant strategic pivot for the gaming firm into the rapidly expanding blockchain-based asset sector.
Under the terms of the agreement, existing AMIHAN holders will assume control of 60% of ICG following the transaction's close, effectively shifting the company's ownership structure and strategic direction toward real-asset infrastructure. The structure suggests AMIHAN's backers view a public listing vehicle as a key advantage for scaling tokenization operations across European markets.
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Real-world asset tokenization — the process of representing physical or financial assets such as real estate, commodities, or debt instruments on a blockchain — has attracted growing institutional interest globally. By positioning itself as Europe's first public RWA company, ICG appears to be betting that regulatory-compliant, exchange-listed exposure to tokenized assets will differentiate it from private-market competitors.
The binding nature of the PSPA signals that both parties have moved beyond preliminary negotiations, though completion of the acquisition would typically remain subject to regulatory approvals and shareholder votes. The combined entity's strategy, management team, and timeline for platform launch were not detailed in the initial announcement.
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