PANews reported on July 13 that Davis Commodities, a Nasdaq-listed company based in Singapore (stock code: DTCK), disclosed today its intention to evaluate the establishment of a Solana (SOL) strategic reserve as part of its broader digital innovation and funding diversification roadmap. DTCK is currently assessing the feasibility of the following initiatives:
Diversified Funding Allocation: Considering allocating 5-10% of funds to Solana, subject to internal risk assessment and compliance review.
Tokenized Commodity Integration: Exploring the use of SOL as a utility asset for pilot projects involving tokenized ESG-certified agricultural trade and carbon credit-linked settlements.
Infrastructure Partnerships: Initial discussions with blockchain infrastructure providers to assess the interoperability of stablecoins and on-chain settlement capabilities.
Davis Commodities launched its digital asset treasury strategy in June this year and 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.
