Freight Technologies Inc. (NASDAQ: FRGT) has made a significant move in its digital asset strategy by acquiring Official Trump Tokens ($TRUMP), marking one of the first instances of a public company integrating this cryptocurrency into its corporate treasury. This acquisition follows the company's recent purchase of FET tokens, now valued at around $8 million as of April 29, 2025, illustrating Fr8Tech's commitment to diversifying its digital asset holdings and embracing innovative financial management practices within the technology and logistics industry.
CEO Javier Selgas emphasized that this investment transcends mere financial strategy, serving as a platform to advocate for equitable trade relations between Mexico and the United States. This initiative is in harmony with Fr8Tech's overarching goal of utilizing cutting-edge technologies to refine and enhance supply chain operations. The company's digital asset strategy is a component of its extensive technological ecosystem, which features platforms like Fr8App, Fr8Now, Fr8Fleet, Waavely, and Fleet Rocket. These platforms are designed to boost logistics and shipping efficiency through innovations such as live pricing, real-time tracking, and digital freight marketplaces.
By merging cryptocurrency investments with its flagship logistics technology solutions, Fr8Tech is pioneering a novel corporate finance model that could inspire other companies in the technology and logistics sectors to consider digital asset investments. The procurement of Trump Tokens is not just a financial maneuver but a strategic step that underscores the company's dedication to innovation and its vision for the future of trade and technology.
