According to CoinDesk, digital asset investment company NovaWulf plans to take over all assets of Celsius and transfer them to a new company after its creditors are paid. NovaWulf will manage the new company for five years, and the board of directors will be elected by NovaWulf and the official creditor committee. It will come into effect as early as June 30. The stake in the new company will be tokenized and traded on the Provenance blockchain, and Figure Technologies will provide the infrastructure for the tokenized securities, according to court documents.