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Real estate asset manager Caliber Inc. announced Thursday that its board of directors has formally approved a new strategy to allocate a portion of its treasury funds to acquire and manage cryptocurrency assets.
Caliber Establishes Crypto Advisory Board to Oversee New LINK Holdings
Caliber’s (Nasdaq: CWD) new digital asset treasury strategy will initially focus on acquiring LINK, the native token of the Chainlink network. According to the announcement, the tokens will be held for long-term appreciation, and the company plans to generate additional yield through staking activities.
The board also adopted a comprehensive digital asset treasury policy to govern the acquisition, custody, and management of these holdings. To guide the initiative, Caliber has formed a Crypto Advisory Board comprised of digital asset and blockchain experts.
This group will provide guidance on implementing the strategy and aligning the company’s capital structure with industry best practices. Chief Executive Officer Chris Loeffler said the move strengthens the company’s balance sheet and aligns it with the future of digital finance.
“This decision allows us to present shareholders with a platform investing in real and digital asset infrastructure,” Loeffler remarked.
The company believes holding LINK provides exposure to a liquid digital asset with appreciation potential. It also aims to leverage Chainlink’s technology to automate and improve its own business processes, such as asset valuation and fund administration. Chainlink itself also has a LINK treasury associated with the project.
Caliber cited Chainlink’s institutional partnerships with firms like Mastercard, DTCC, and SWIFT as evidence of its critical role in the future of finance. The company intends to fund its LINK acquisitions using its existing revolving line of credit, cash reserve,s and through the issuance of equity-based securities.