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Mercurity Fintech Holding Inc. (MFH) announced the launch of a $500 million "DeFi Basket" Treasury focused on digital asset diversification and decentralized finance strategies.
The blockchain-powered fintech company stated it will prioritize building positions in Solana (SOL) while diversifying into Ethereum (ETH), Ripple (XRP), Cardano (ADA), and BNB. The company plans to fund acquisitions through existing cash reserves and future fundraising proceeds, subject to market conditions and regulatory compliance.
In the initial phase, MFH will focus on accumulating SOL tokens and operating validator nodes to generate staking rewards while supporting the Solana network. The company described this as part of its deeper integration into the Solana ecosystem.
"This expanded treasury strategy, alongside our evolution toward blockchain-based business models, demonstrates our ambition to become a category leader in the digital asset industry while delivering long-term value to our shareholders," said Wilfred Daye, Chief Strategy Officer of MFH.
The company stated all digital asset acquisitions will be subject to risk management protocols, regulatory compliance requirements, and investment guidelines. MFH plans to establish institutional-grade operational procedures for asset security and regulatory adherence.
MFH operates as a fintech group offering technology and financial services through subsidiaries including Chaince Securities, LLC. The company aims to bridge traditional finance and digital innovation across digital asset management, financial advisory, and capital markets solutions.
The information is based on a company press release statement.