Nasdaq-Listed Davis Commodities Launches $30 Million Initiative Including $12 Million Bitcoin Purchase and Agricultural Assets Tokenization
The post Nasdaq-Listed Davis Commodities Launches $30 Million Initiative Including $12 Million Bitcoin Purchase and Agricultural Assets Tokenization appeared on BitcoinEthereumNews.com.
Singapore-based agricultural commodity trading company Davis Commodities Limited, listed on Nasdaq under the ticker DTCK, has announced a $30 million strategic initiative aimed at transforming global commodity trading through a combination of Bitcoin reserves and real-world asset (RWA) tokenization Singapore-based agricultural commodity trading company Davis Commodities Limited, listed on Nasdaq under the ticker DTCK, has announced a $30 million strategic initiative aimed at transforming global commodity trading through a combination of Bitcoin reserves and real-world asset (RWA) tokenization. The firm plans to allocate up to $12 million, or approximately 40% of the funds, to Bitcoin as an inflation hedge, with an initial phase allocation reported at 15%. The remaining 50% of the funds will be directed toward tokenizing agricultural assets such as sugar, rice, and oil. This initiative is supported by a $30 million capital raise and targets $50 million in annual revenue. The move reflects growing corporate confidence in Bitcoin as a long-term store of value. Separately, the Depository Trust & Clearing Corporation (DTCC) has been reported to be exploring the development of a stablecoin called the DTC dollar. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/blockchains/nasdaq-listed-davis-commodities-launches-30-million-initiative-including-12-15741faf
Filed under: News - @ June 17, 2025 4:29 pm