CoinVoice has recently learned that Davis Commodities, a Singapore company listed on the NASDAQ, announced the launch of a digital asset treasury strategy and a blockchain-driven agricultural tokenization platform. This platform will convert major physical commodities such as sugar, rice, and cooking oil into tokenized, tradable digital assets. It is based on smart contract settlements and supports on-chain supply chain tracking, as well as tokenized collateral, allowing institutional lenders to collateralize tokenized commodities.

Davis Commodities previously announced a $30 million strategic growth plan, with 40% to be invested in Bitcoin reserves to integrate it as a strategic financial asset into its balance sheet. [Original link]