Davis Commodities is considering establishing a Solana strategic reserve and plans to allocate 5-10% of its treasury funds to SOL.
Powered by ChatGPTOn July 13 (UTC+8), Nasdaq-listed Singaporean company Davis Commodities announced that it is evaluating the establishment of a Solana strategic 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 a digital asset treasury strategy in June of this year and announced a $30.000 million strategic growth plan, 40% of which will be invested in Bitcoin reserves to incorporate it as a strategic financial asset into the balance sheet. (Source: TechFlow) [MetaEra]