Freight Technologies Secures $20 Million Facility to Expand Digital Asset Portfolio
TL;DR
Fr8Tech strategically diversifies its crypto treasury with Official Trump Tokens ($TRUMP) to enhance financial position and gain market advantage.
Fr8Tech secures $20 million convertible note agreement to purchase Official Trump Tokens ($TRUMP) for crypto treasury, aligning with mission to strengthen U.S.–Mexico commerce.
Fr8Tech's investment in Official Trump Tokens ($TRUMP) aims to foster balanced, tech-driven trade relationships, benefitting U.S.–Mexico commerce and global trade sustainability.
Fr8Tech's $20 million investment in Official Trump Tokens ($TRUMP) epitomizes innovation in digital asset diversification and supports tech-driven trade relationships for tomorrow's commerce.
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Freight Technologies (Nasdaq: FRGT) has secured a convertible note facility worth up to $20 million from an institutional investor, with an initial $1 million tranche dedicated to purchasing Official Trump Tokens ($TRUMP). This strategic investment follows the company's recent $8 million investment in FET tokens, underscoring Fr8Tech's commitment to digital asset diversification.
CEO Javier Selgas positioned the investment as aligned with the company's mission to strengthen U.S.-Mexico commerce through technology-driven trade relationships. The move represents a significant pivot for Fr8Tech, a technology company specializing in supply chain optimization solutions powered by AI and machine learning.
The digital asset acquisition is part of a broader strategy to leverage emerging technologies across Fr8Tech's platform ecosystem, which includes Fr8App, Fr8Now, Fr8Fleet, and Waavely. These interconnected platforms aim to improve operational efficiency in cross-border shipping, transportation management, and logistics.
By expanding its digital asset portfolio, Fr8Tech signals a forward-looking approach to financial strategy in the technology and logistics sectors. The investment in Trump Tokens suggests the company is exploring innovative ways to diversify its treasury and potentially create new value streams for shareholders.
Curated from InvestorBrandNetwork (IBN)
