Freight Technologies Secures $20 Million Facility to Expand Digital Asset Strategy
TL;DR
Fr8Tech's convertible note agreement for up to $20 million with an institutional investor supports crypto treasury diversification, leveraging Trump Tokens for strategic advantage.
Fr8Tech's convertible note agreement allows accessing funds up to $20 million to purchase Official Trump Tokens ($TRUMP) for digital asset diversification.
Fr8Tech's mission to strengthen U.S.–Mexico commerce through diversified digital assets like $TRUMP contributes to balanced, tech-driven trade relationships for a better tomorrow.
Fr8Tech's innovative $20 million convertible note agreement for Official Trump Tokens ($TRUMP) aligns with its broader digital asset diversification strategy, shaping the future of commerce.
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Freight Technologies (NASDAQ: FRGT) has entered into a $20 million convertible note agreement with an institutional investor, targeting the acquisition of Official Trump Tokens ($TRUMP) as part of its evolving digital asset strategy. The company will initially deploy $1 million from the facility, following its recent $8 million investment in FET tokens.
CEO Javier Selgas positioned the move as strategically aligned with the company's broader mission to enhance U.S.–Mexico commerce and develop technology-driven trade relationships. The investment represents a significant pivot for Fr8Tech, a technology company known for supply chain optimization solutions powered by artificial intelligence and machine learning.
The digital asset acquisition represents a noteworthy trend in corporate treasury management, with Fr8Tech demonstrating a proactive approach to cryptocurrency investment. By diversifying its asset portfolio, the company signals confidence in digital assets as a potential store of value and strategic investment opportunity.
Fr8Tech's digital strategy complements its existing technology platforms, which include Fr8App, Fr8Now, Fr8Fleet, and Waavely—all designed to improve efficiency in cross-border shipping and logistics. The company's willingness to explore cryptocurrency investments suggests a forward-thinking approach to financial management in the rapidly evolving tech and logistics sectors.
Curated from InvestorBrandNetwork (IBN)
