Business
Ryde Group Ltd Executes Strategic Shift to Digital Asset Treasury to Maximize Capital Efficiency and Resilience
SINGAPORE, SG / ACCESS Newswire / March 18, 2026 /Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading data-driven technology company and Singapore's first homegrown carpooling app, today announced its adoption of a Digital Asset ...
About this update from Bitcoin
[{"type":"text","content":"SINGAPORE, SG / ACCESS Newswire / March 18, 2026 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde" or the "Company"), a leading data-driven technology company and Singapore's first homegrown carpooling app, today announced its adoption of a Digital Asset Treasury (DAT) Strategy. This framework reflects the Company's intention to evaluate digital assets as part of its broader treasury management approach and long-term balance sheet planning.","length":468,"tagName":"p"},{"type":"text","content":"In response to the evolving macroeconomic environment, Ryde is reviewing ways to diversify and modernize its corporate treasury while supporting long-term balance sheet resilience. Under the DAT framework, the Company may allocate a portion of its corporate reserves into digital assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with allocation size and timing subject to market conditions and the Company's internal governance procedures and approval processes.","length":484,"tagName":"p"},{"type":"text","content":"This initiative is intended to provide Ryde with additional flexibility in how it manages its treasury reserves, while maintaining a focus on prudent capital management and risk oversight.","length":188,"tagName":"p"},{"type":"text","content":""The adoption of our Digital Asset Treasury Strategy reflects Ryde's ongoing efforts to evaluate new approaches to treasury management in a changing economic and technology environment," said Terence Zou, Founder, Chairman and CEO of Ryde. "We believe it is important to assess how digital assets may complement our existing treasury approach, while ensuring appropriate governance, oversight, and risk management."","length":439,"tagName":"p"},{"type":"text","content":"Governance Architecture","length":23,"tagName":"p"},{"type":"text","content":"Ryde has established a governance framework for digital asset treasury activities. This framework is designed to help ensure that any capital allocation, execution, and risk management activities are subject to appropriate review and control processes. The governance structure includes two specialized oversight bodies:","length":320,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Digital Asset Investment Committee (DAIC): Responsible for reviewing strategic as...