Singapore-based ride-sharing platform Ryde Group has announced a new cryptocurrency treasury strategy, investing part of its corporate reserves in Bitcoin, Ethereum, and Solana. The allocation and timing of these investments will be managed by the Ryde governance team. The company aims to enhance operational flexibility amid a shifting macroeconomic landscape. Ryde's crypto assets will be secured by a third-party custodian, with dedicated committees overseeing portfolio management and regulatory compliance. Ryde has accepted Bitcoin for in-app payments since 2020. Despite a recent 13% drop, Ryde's NYSE-listed shares have surged over 122% this year.
Ryde Group Adopts Cryptocurrency Treasury Strategy
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
