TL;DR
- Faraday Future will launch a $30 million crypto treasury, marking a bold step into digital assets.
- The company plans to expand the treasury to $1 billion while exploring tokenized car sales through its new EAI Vehicle Chain.
- The initiative integrates artificial intelligence and blockchain technology, aiming to boost innovation, attract investors, and create sustainable long-term value for shareholders.
Nasdaq-listed electric vehicle startup Faraday Future is entering the cryptocurrency space with its new “C10 Treasury.” The initial $30 million investment will target the top ten cryptocurrencies by market capitalization, excluding stablecoins, with plans to grow the portfolio to $500 million or even $1 billion over time. Faraday Future expects staking yields and strategic asset growth to help finance product innovation, potential stock buybacks, and long-term shareholder value. Ian Calderon, co-creation officer and founding board member of the California Blockchain Working Group, stated the company sees the next decade as a promising era for digital assets.
Faraday Future also plans to introduce a C10 Index, tracking the largest cryptocurrencies to guide treasury allocations, and is exploring the creation of an exchange-traded fund (ETF) to provide broader market exposure. The treasury strategy is part of a larger vision to integrate crypto into the company’s overall business model, ensuring that digital assets are a sustainable part of Faraday Future’s growth trajectory while enhancing liquidity and market positioning.
EAI Vehicle Chain Bridges Cars And Crypto
In a move that directly links blockchain to its automotive operations, Faraday Future announced the EAI Vehicle Chain. This platform will enable tokenized car sales and allow deposits in cryptocurrencies, leveraging artificial intelligence embedded in vehicles.
California State Treasurer Fiona Ma praised the plan, noting it could attract investment, generate jobs, and support sustainable development. The initiative comes as Faraday Future works to recover from past challenges, including delayed production of its flagship FF91 EV and regulatory scrutiny from the SEC. Despite these hurdles, the company’s shares remain up 75% over the past six months.
Faraday Future’s crypto strategy mirrors a broader trend among public companies embracing digital assets. Recent moves by firms such as H100 Group and Thumzup Media Corporation show growing confidence in crypto as a complement to traditional business operations. By combining AI mobility with blockchain finance, Faraday Future aims to create a dual ecosystem that supports innovation while offering potential high-growth returns. The company believes that linking its automotive technology with digital finance could set a precedent for future mobility solutions and attract a new wave of tech-savvy investors.
