Aug 28, 04:01 PM

Caliber Adds Chainlink Token to Treasury; Shares Surge 56%

Real-estate asset manager Caliber said it has begun allocating part of its corporate treasury to Chainlink’s LINK token, becoming one of the first U.S. publicly traded property firms to hold the digital asset on its balance sheet. The Scottsdale, Arizona-based company, which trades on Nasdaq under the ticker CWD, plans to stake the tokens to generate additional income and has set up a crypto advisory board to oversee acquisitions, custody and risk management. The announcement sent Caliber shares up about 56% in pre-market trading on Thursday. Management said the move is intended to diversify cash reserves and tap blockchain-based yields, but did not disclose the size or timing of the initial purchase. The decision follows similar treasury allocations by tech and payment companies, underscoring growing corporate interest in on-chain assets despite regulatory uncertainty in the United States.

#Caliber #Chainlink #Scottsdale #Arizona #Nasdaq #United States

Written with ChatGPT .

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