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Davis Commodities evaluates the establishment of a Solana strategic reserve, planning to allocate 5-10% of treasury funds to SOL.
According to reports from Jinse Finance, Singapore-based company Davis Commodities, which is listed on Nasdaq, has announced that it is evaluating the establishment of a Solana strategic reserve as part of its digital innovation and funding diversification roadmap. It is reported that the company plans to allocate 5-10% of its treasury funds to SOL after an internal risk assessment and compliance review, and explore the use of SOL as a utility asset for pilot projects involving tokenization of ESG verification 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% allocated to Bitcoin reserves to incorporate it as a strategic financial asset on its balance sheet.