Curated News
By: NewsRamp Editorial Staff
May 02, 2025
Fr8Tech Secures $20M for Trump Tokens Purchase in Crypto Treasury Move
TLDR
- Fr8Tech strategically diversifies its crypto treasury with Official Trump Tokens ($TRUMP) to enhance financial position and gain market advantage.
- Fr8Tech secures $20 million convertible note agreement to purchase Official Trump Tokens ($TRUMP) for crypto treasury, aligning with mission to strengthen U.S.–Mexico commerce.
- Fr8Tech's investment in Official Trump Tokens ($TRUMP) aims to foster balanced, tech-driven trade relationships, benefitting U.S.–Mexico commerce and global trade sustainability.
- Fr8Tech's $20 million investment in Official Trump Tokens ($TRUMP) epitomizes innovation in digital asset diversification and supports tech-driven trade relationships for tomorrow's commerce.
Impact - Why it Matters
This news highlights the increasing intersection of technology and commerce, showcasing how companies like Fr8Tech are leveraging digital assets to strengthen trade relationships. The investment in Official Trump Tokens reflects a strategic initiative to diversify Fr8Tech's crypto holdings and drive innovation in the supply chain industry.
Summary
Freight Technologies, Inc. (Nasdaq: FRGT) secures a $20 million convertible note agreement with an institutional investor to purchase Official Trump Tokens ($TRUMP) for its crypto treasury, following a recent investment in FET tokens. CEO Javier Selgas highlights the move as part of Fr8Tech's mission to enhance U.S.–Mexico commerce.
Fr8Tech offers a range of platform solutions powered by AI and machine learning to optimize the supply chain process. The company's diverse portfolio includes the Fr8App platform for cross-border shipping, Fr8Now for LTL shipping, Fr8Fleet for dedicated capacity services in Mexico, and Waavely for ocean freight booking and management.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Fr8Tech Secures $20M for Trump Tokens Purchase in Crypto Treasury Move
