Mercurity Fintech Holding Inc. (Nasdaq: MFH) has filed a Form K-6 with the U.S. Securities and Exchange Commission confirming the launch of its $500 million DeFi Basket Treasury. The company says the treasury will focus on Solana (SOL) and also include other digital assets like Ethereum (ETH), Cardano (ADA), Ripple (XRP), and BNB.
According to the filing, the goal is to improve on-chain returns and create a more balanced digital asset portfolio.
The DeFi Basket marks a new step in Mercurity Fintech’s strategy to move deeper into the world of decentralised finance. The company plans to build a portfolio of digital assets that already have strong market presence and are used by institutions. They will use both current reserves and future fundraising to support the project, depending on how the market and regulators respond.
In the early stage, the firm will concentrate on Solana. It plans to buy SOL tokens and also run validator nodes. This means the company will help process transactions on the Solana network while earning staking rewards at the same time.
Wilfred Daye, the Chief Strategy Officer at MFH, said the treasury is part of the company’s goal to lead in blockchain innovation and provide long-term value to shareholders.
All steps taken with these digital assets will follow strict risk controls and legal requirements. The company will also put in place strong systems to manage the assets securely.
Mercurity Fintech offers services through its blockchain-powered subsidiaries and wants to connect traditional finance with new digital tools. The DeFi Basket will help the company grow in crypto while staying safe and following the rules.
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