Key Highlights:
- Caliber has announced the purchase of Chainlink tokens recently.
- This made the company the first LINK-focused treasury firm.
- Caliber’s long-term objective aims at securing a material position within LINK, which is acquired via regular buying.
Caliber (NASDAQ: CWD), a Scottsdale-based alternative asset manager, announced on Tuesday that it has made its initial digital asset investments by purchasing Chainlink (LINK) tokens. The deal is included in the company’s Digital Asset Treasury (DATA) program, a venture that seeks to create a crypto reserve in addition to other, more traditional real estate.
Caliber CEO Comments On Chainlink Treasury
Caliber used a mix of its existing equity line of credit, internal cash, and intended issuances of equity-linked securities to finance the first purchase, which it termed a systems test. The firm had stressed that the initial transaction was not concerned with scale but the verification of the framework that was required to handle subsequent acquisitions.
Chief Executive Officer Chris Loeffler explained the reasoning behind the move: “We have made our first purchase to test our systems and ensure we are well-positioned to manage the custody, tax, accounting, governance, and similar considerations underpinning our internal infrastructure.”
Caliber is designed in such a way that the program of DAT slowly introduces LINK holdings over time and not in a single large acquisition. The plan will aim at generating exposure to possible appreciation, besides generating yield via staking.
“Each acquisition reinforces our conviction in Chainlink as the infrastructure connecting blockchain with real-world assets. Our strategy is designed around gradual, measured acquisitions that enable us to average into the market and build our LINK treasury responsibly,” Loeffler said.
The publicity of the program has made Caliber the first program to be listed on Nasdaq to devote its treasury policy to Chainlink. The management pointed out that the shareholders would be given transparent and mark-to-market exposure to the token, in effect linking a portion of the firm’s financial foundation to the developments in blockchain infrastructure.
About Caliber’s DAT Program
Caliber has a 16-year history of participation in the private equity real estate business, with more than $2.9 billion under management, which covers hotels, multifamily, and industrial real estate. The move to the digital asset represents a pronounced broadening of its focus, introducing cryptocurrency to a portfolio that used to have a strong focus on hard assets.
According to the company, its long-term objective aims at securing a material position within LINK, which is acquired through regular buying that is opportunistic in timing. The incremental strategy reflects the methods employed in the conventional capital market, including dollar-cost averaging, since it enables the firm to diversify its exposure to different market environments.
The Loeffler described the DAT as a high-grade institutional program, which had close supervision. Along with the headline of token purchases, he emphasized the need to develop strong systems surrounding custody, compliance, and reporting. This, he said, guarantees that the firm is ready to face the operational risks involved in managing crypto assets as well as the regulatory risks that, in turn, come along with them.
Although several publicly traded companies have recorded digital assets such as Bitcoin or Ethereum in their balance sheet, the Caliber announcement is the first of its kind to specifically target Chainlink. By doing so, the company would also be positioned as not just a real estate investor, but a player in the infrastructure between traditional finance and blockchain technologies.
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