Davis Commodities is evaluating the establishment of a Solana strategic reserve, planning to allocate 5-10% of treasury funds to SOL

ChainCatcher news, Singapore agricultural trader Davis Commodities (NASDAQ: DTCK) announced that it is evaluating the establishment of a Solana strategic reserve as part of its digital innovation and funding diversification roadmap.

The company plans to allocate 5-10% of its treasury funds to SOL after an internal risk assessment and compliance review, and is exploring the use of SOL as a utility asset for pilot projects involving tokenized ESG-certified agricultural trade and carbon credit-linked settlements.

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.