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.
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