BlockBeats reported that on June 21, NASDAQ-listed Singapore company Davis Commodities announced the launch of a digital asset treasury strategy and a blockchain-driven agricultural tokenization platform, which will convert key physical commodities such as sugar, rice, and cooking oil into tokenized, tradable digital assets. The platform is based on smart contract settlements and supports on-chain supply chain tracking, as well as tokenized collateral, allowing institutional lenders to use tokenized commodities as collateral.
Davis Commodities previously announced a $30 million strategic growth plan, with 40% allocated to Bitcoin reserves to incorporate it as a strategic financial asset on its balance sheet. (Globenewswire)
