Davis Commodities evaluates the establishment of Solana's strategic reserve and plans to allocate 5-10% of its treasury funds to SOL

Golden Finance reported that Nasdaq listed Singapore company Davis Commodities announced that it is evaluating the establishment of Solana Strategic Reserve as part of its digital innovation and capital diversification roadmap. It is reported that the company plans to allocate 5-10% of its treasury funds to SOL after internal risk assessment and compliance review, and explore the use of SOL as a practical asset for pilot projects involving tokenized ESG certified agricultural trade and carbon credit linked settlement. Davis Commodities launched its digital asset treasury strategy in June of this year and announced a $30 million strategic growth plan, with 40% of it investing in Bitcoin reserves to be included as a strategic financial asset on the balance sheet.