Fr8Tech Invests in Trump Tokens to Boost Digital Strategy

Freight Technologies, known as Fr8Tech, is securing a financing agreement for up to US$20 million through the issuance of convertible notes with an institutional investor. The capital from this agreement is earmarked exclusively for the acquisition of Official Trump Tokens ($TRUMP), making Fr8Tech one of the first publicly traded companies to formally integrate $TRUMP into its crypto treasury.

“At the heart of Fr8Tech’s mission is the promotion of productive and active commerce between the United States and Mexico. Mexico is the United States’ top goods trading partner, with Mexico being the leading destination for US exports and the top source for US imports.  As US Treasury Secretary Scott Bessent recently stated, ‘I wish to be clear: America First does not mean America alone. To the contrary, it is a call for deeper collaboration and mutual respect among trade partners,’” says Javier Selgas, CEO, Fr8Tech.

The agreement, signed on April 29, marks a significant step in Fr8Tech’s broader mission to blend innovative logistics solutions with forward-thinking financial strategies. The Company will initially issue notes totaling US$1 million in principal value, with the remaining US$19 million available through future drawdowns, contingent on specific conditions.

Fr8Tech has recently expanded its crypto treasury through the acquisition of FET tokens, now valued at about US$8 million. The integration of Official Trump Tokens aligns with the company’s digital asset holdings with political and economic themes central to US trade policy.

“The recent acquisition of FET Tokens to our treasury combined with the AI solutions FET supports, continues to help us develop our technology. We believe that the addition of the Official Trump tokens are an excellent way to diversify our crypto treasury, and also an effective way to advocate for fair, balanced, and free trade between Mexico and the United States,” says Selgas.