Nasdaq-listed CaliberCos Inc. (NASDAQ: CWD) has announced that it will launch its first public digital asset treasury centered on Chainlink’s LINK token.
According to the press release, this plan, approved by the Board of Directors, aims to diversify Caliber’s treasury, gain long-term value from LINK, and earn staking rewards from the Chainlink network.
The strategy also involves guidance from the newly formed Caliber Crypto Advisory Board, which will oversee security, compliance, and asset management.
Chief Executive Officer Chris Loeffler said, “We believe that implementing a digital asset treasury strategy strengthens our balance sheet and aligns Caliber with the future of digital finance, positioning us at the forefront of innovation in the real estate and investment management sector.”
He added that the decision allows Caliber to combine real estate and digital asset investments to offer shareholders a diversified platform.
The new treasury approach will use funds from existing equity lines, cash reserves, and equity-based securities to acquire LINK.
The company’s Crypto Advisory Board includes blockchain and legal experts who will monitor trends, guide management, and ensure compliance with regulations, while also working with Legal advisors at Perkins Coie and Manatt, Phelps & Phillips, as well as its audit firm Deloitte.
Notably, Caliber manages over $2.9 billion in assets, mainly in real estate ventures such as hotels, apartments, and factories. Adding LINK tokens to its holdings gives the company exposure to a liquid digital asset that has long-term potential.
The company also said that Chainlink’s collaborations with Mastercard, SWIFT, and DTCC show the token’s usefulness and institutional recognition.
Following this announcement, Caliber’s stock rose by nearly 50%, now trading at $2.52 per share, which indicates strong investor interest in companies merging real estate investments with blockchain technology.
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