Freight Technologies (Nasdaq: FRGT) has taken a bold step into the digital asset space by securing a convertible note agreement worth up to $20 million. The initial phase of this strategy involves a $1 million investment in Official Trump Tokens ($TRUMP), building on the company's recent $8 million acquisition of FET tokens. This move underscores Fr8Tech's commitment to leveraging digital assets as part of its broader mission to revolutionize U.S.–Mexico commerce through technological innovation.
Javier Selgas, CEO of Freight Technologies, emphasized that this investment aligns with the company's goal to foster technology-driven trade relationships. By diversifying its treasury with digital assets, Fr8Tech is not only exploring new financial avenues but also reinforcing its position at the forefront of the logistics and supply chain industry. The company's platform, which utilizes artificial intelligence and machine learning, offers a suite of solutions including Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise services, and Waavely for ocean freight management, showcasing its comprehensive approach to supply chain optimization.
This strategic investment in digital assets represents a forward-thinking approach to treasury management, aiming to unlock additional value for stakeholders. It highlights the growing convergence between traditional logistics operations and the digital asset ecosystem, suggesting a potential shift in how technology-driven companies manage their financial strategies. Freight Technologies' initiative may well pave the way for similar ventures by other firms in the logistics sector, marking a significant moment in the intersection of technology, finance, and global trade.
