Freight Technologies (Nasdaq: FRGT) has secured a convertible note facility for up to $20 million, with initial plans to invest $1 million in Official Trump Tokens ($TRUMP) as part of its emerging digital asset strategy. The investment follows the company's recent $8 million commitment to FET tokens, indicating a deliberate approach to cryptocurrency portfolio management.
CEO Javier Selgas characterized the move as consistent with the company's broader mission of enhancing U.S.-Mexico commerce through technology-driven trade relationships. The investment represents a strategic pivot for Fr8Tech, a supply chain technology firm known for its AI-powered logistics platforms.
The digital asset acquisition strategy suggests Fr8Tech is positioning itself to leverage emerging financial technologies alongside its core supply chain optimization services. By diversifying into cryptocurrency, the company may be seeking to enhance financial flexibility and explore new technological frontiers in international trade.
This investment comes at a time of increasing corporate interest in digital assets, with companies exploring cryptocurrencies as potential treasury reserves and strategic investments. Fr8Tech's approach appears calculated, targeting specific tokens while maintaining a focus on its primary business of cross-border shipping and logistics technology.
