Davis Commodities is considering establishing a Solana strategic reserve and plans to allocate 5-10% of its treasury funds to SOL.
Powered by ChatGPTSingapore-based Davis Commodities, listed on Nasdaq, has announced that it is evaluating the establishment of a strategic Solana reserve as part of its digital innovation and capital diversification roadmap. The company plans to allocate 5-10% of its treasury funds to $SOL after internal risk assessment and compliance review, and explore the use of $SOL as a utility asset for pilot projects involving tokenized ESG-certified agricultural trade and carbon credit-linked settlement. Davis Commodities launched its digital asset treasury strategy in June of this year and announced a $30.000.000 strategic growth plan, 40% of which will be invested in Bitcoin reserves to incorporate it as a strategic financial asset into its balance sheet. [Foresight News]