According to Mars Finance, Singapore company Davis Commodities, listed on NASDAQ, announced the launch of a digital asset treasury strategy and a blockchain-driven agricultural tokenization platform, which will convert major physical commodities such as sugar, rice, and edible oil into tokenized, tradable digital assets. The platform is based on smart contracts for settlement and supports on-chain supply chain tracking, as well as tokenized collateral, allowing institutional lenders to mortgage tokenized goods. Davis Commodities previously announced a $30 million strategic growth plan, with 40% allocated to Bitcoin reserves to incorporate it as a strategic financial asset into its balance sheet.
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The publicly listed company Davis Commodities has launched an agricultural tokenization platform and digital asset treasury strategy.
According to Mars Finance, Singapore company Davis Commodities, listed on NASDAQ, announced the launch of a digital asset treasury strategy and a blockchain-driven agricultural tokenization platform, which will convert major physical commodities such as sugar, rice, and edible oil into tokenized, tradable digital assets. The platform is based on smart contracts for settlement and supports on-chain supply chain tracking, as well as tokenized collateral, allowing institutional lenders to mortgage tokenized goods. Davis Commodities previously announced a $30 million strategic growth plan, with 40% allocated to Bitcoin reserves to incorporate it as a strategic financial asset into its balance sheet.