Freight Technologies Secures $20 Million Facility to Expand Digital Asset Portfolio with Trump Tokens

Freight Technologies (Nasdaq: FRGT) has secured a significant $20 million convertible note facility aimed at purchasing Official Trump Tokens ($TRUMP), marking a strategic move in the company's digital asset acquisition approach. The initial $1 million tranche represents a calculated step in Fr8Tech's broader treasury diversification strategy, following a recent $8 million investment in FET tokens.

CEO Javier Selgas positioned this investment as part of the company's mission to strengthen U.S.-Mexico commerce and promote technology-driven trade relationships. The move demonstrates Fr8Tech's commitment to exploring innovative financial strategies within the technology and logistics sectors.

The digital asset acquisition aligns with Fr8Tech's existing technological infrastructure, which includes multiple platform solutions powered by artificial intelligence and machine learning. These platforms, such as Fr8App, Fr8Now, Fr8Fleet, and Waavely, are designed to optimize supply chain processes and enhance cross-border shipping efficiency.

By diversifying its digital asset portfolio, Freight Technologies signals a forward-thinking approach to corporate treasury management. The investment in Trump Tokens represents an emerging trend of companies exploring cryptocurrency and digital assets as potential strategic financial instruments.

The convertible note agreement provides Fr8Tech with flexibility in its digital asset acquisition strategy, potentially positioning the company to leverage emerging technologies and alternative investment vehicles in the rapidly evolving digital finance landscape.