Freight Technologies Secures $20 Million Facility to Expand Digital Asset Strategy
TL;DR
Fr8Tech secures $20 million convertible note for Official Trump Tokens, enhancing digital asset diversification strategy.
Fr8Tech utilizes AI and machine learning to optimize supply chain processes through diverse proprietary platforms.
Fr8Tech's mission to strengthen US–Mexico commerce and tech-driven trade relationships promotes economic growth and balance.
Fr8Tech's innovative platforms connect carriers and shippers, improving efficiency and enhancing global trade operations.
Found this article helpful?
Share it with your network and spread the knowledge!
Freight Technologies (Nasdaq: FRGT) has secured a convertible note agreement for up to $20 million with an institutional investor, signaling a strategic expansion into digital assets. The company will use the initial $1 million tranche to purchase Official Trump Tokens ($TRUMP), complementing its recent $8 million investment in FET tokens.
CEO Javier Selgas positioned this move as consistent with the company's mission to enhance U.S.-Mexico commerce through technology-driven trade relationships. The investment reflects a growing trend of technology companies diversifying their treasury holdings with digital assets.
Fr8Tech, known for its AI-powered supply chain solutions, continues to demonstrate innovative approaches to financial management. The company's portfolio includes platforms like Fr8App, Fr8Now, Fr8Fleet, and Waavely, which focus on optimizing cross-border shipping and logistics operations.
This strategic investment in cryptocurrency represents a significant pivot for a logistics technology firm, potentially signaling broader industry interest in digital asset integration. By acquiring Trump Tokens, Fr8Tech is positioning itself at the intersection of technology, finance, and emerging digital markets.
Curated from InvestorBrandNetwork (IBN)
