On June 16, Davis Commodities Limited, a Singapore-based agricultural trader (Nasdaq: DTCK) announced that 40% of the $30 million financing ($12 million) will be allocated as Bitcoin reserves in stages, with an initial investment of $4.5 million. In addition, the company will use 50% of the financing ($15 million) for the tokenization of physical assets (RWA) of agricultural products, involving commodities such as sugar and rice; The company expects the business to generate $50 million in annual revenue over two years. The remaining 10% of the funds will be used for digital infrastructure and security system construction.
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On June 16, Davis Commodities Limited, a Singapore-based agricultural trader (Nasdaq: DTCK) announced that 40% of the $30 million financing ($12 million) will be allocated as Bitcoin reserves in stages, with an initial investment of $4.5 million. In addition, the company will use 50% of the financing ($15 million) for the tokenization of physical assets (RWA) of agricultural products, involving commodities such as sugar and rice; The company expects the business to generate $50 million in annual revenue over two years. The remaining 10% of the funds will be used for digital infrastructure and security system construction.