An increasing number of asset managers are adopting cryptocurrencies as treasury reserves. Nasdaq-listed Caliber is the latest to join this trend, having recently announced the formal approval of its new Digital Asset Treasury (DAT) Strategy, which features decentralized oracle provider Chainlink (LINK) at its core.
With a focus on the token’s long-term appreciation potential, the real state-focused asset manager plans to hold the cryptocurrency as part of its equity portfolio and generate yield through staking, further diversifying its investment strategy.
To support the implementation of this digital asset approach, Caliber has established the Caliber Crypto Advisory Board (CCAB). This dedicated advisory group, composed of experts in digital assets and blockchain technology, will provide guidance on the DAT Strategy and Policy..
The Board believes that adopting this strategy will not only enhance shareholder value but also strengthen the company’s balance sheet and improve liquidity. By holding LINK as a reserve asset.
Chris Loeffler, Chief Executive Officer of Caliber, emphasized the importance of this strategic move, stating, “We believe that implementing a digital asset treasury strategy strengthens our balance sheet and aligns Caliber with the future of digital finance.”
He noted that this initiative positions Caliber at the forefront of innovation in the real estate and investment management sectors, reinforcing its commitment to becoming a “diversified alternative asset manager.”
To ensure the responsible execution of this strategy, the asset manager said it has collaborated with a team of experts, including legal advisors from Perkins Coie and Manatt, Phelps & Phillips, as well as its existing audit firm, Deloitte.
Featured image from DALL-E, chart from TradingView.com
