According to PANews, Singapore-based Nasdaq-listed company Davis Commodities (DTCK) has announced its intention to evaluate the establishment of a strategic reserve in Solana (SOL) as part of its broader digital innovation and fund diversification roadmap. The company is currently assessing the feasibility of several initiatives.
One of the key considerations is the diversification of fund allocation, with plans to potentially allocate 5-10% of its funds to Solana. This decision is subject to internal risk assessment and compliance review.
Additionally, Davis Commodities is exploring the integration of tokenized commodities, utilizing SOL as a utility asset in pilot projects involving tokenized ESG-certified agricultural trade and carbon credit-linked settlements.
The company is also in preliminary discussions with blockchain infrastructure providers to evaluate the interoperability of stablecoins and on-chain settlement capabilities.
In June of this year, Davis Commodities launched a digital asset treasury strategy and announced a $30 million strategic growth plan, with 40% of the funds earmarked for Bitcoin reserves to incorporate it as a strategic financial asset on its balance sheet.