CoinVoice has recently learned that Singaporean agricultural trader Davis Commodities (NASDAQ: DTCK) is evaluating the establishment of a Solana strategic reserve as part of its roadmap for digital innovation and funding diversification.
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 this year and announced a $30 million strategic growth plan, with 40% to be allocated to Bitcoin reserves to incorporate it as a strategic financial asset into the balance sheet. [Original link]
