According to ChainCatcher, citing Globenewswire, Davis Commodities Limited (Nasdaq: DTCK), an agricultural commodities trader based in Singapore, announced that it will allocate 40% (12 million dollars) of its 30 million dollar financing in stages to Bitcoin reserves, with an initial investment of 4.5 million dollars.
Additionally, the company will use 50% of the financing (15 million dollars) for tokenization of physical agricultural assets (RWA), involving commodities such as sugar and rice; the company expects this business to generate 50 million dollars in annual revenue within two years. The remaining 10% of funds will be used for digital infrastructure and security system construction.
