Freight Technologies, a supply chain technology company, has entered into a strategic financial agreement to expand its digital asset portfolio. The company secured a convertible note facility worth up to $20 million from an institutional investor, with an initial tranche of $1 million earmarked for purchasing Official Trump Tokens ($TRUMP).
This move follows the company's recent $8 million investment in FET tokens and represents a continuation of Fr8Tech's approach to digital asset diversification. CEO Javier Selgas positioned the investment as aligned with the company's mission to enhance U.S.–Mexico commerce and develop technology-driven trade relationships.
The investment signals a growing trend among technology companies to incorporate cryptocurrency and digital assets into their corporate treasury strategies. By diversifying beyond traditional financial instruments, Fr8Tech is positioning itself to potentially leverage emerging digital economic opportunities.
Fr8Tech, known for its AI-powered supply chain solutions, has been expanding its technological portfolio with platforms like Fr8App, Fr8Now, Fr8Fleet, and Waavely. The digital asset strategy appears to be an extension of the company's innovative approach to technology and commerce.
The cryptocurrency investment could provide Fr8Tech with additional financial flexibility and potential appreciation, while demonstrating the company's willingness to explore emerging financial technologies. As the digital asset landscape continues to evolve, such strategic moves may become increasingly common among forward-thinking technology companies.
