Ryde Group, a Singapore-based ride-sharing and carpool platform, has announced a crypto treasury strategy, allocating a portion of its corporate reserves to Bitcoin, Ether, and Solana. The company cited the evolving macroeconomic environment as its rationale, saying digital asset exposure offers greater flexibility in treasury management.
Specific allocations and purchase timing will be determined by an internal governance team. Crypto holdings will be stored with a third-party custodian, while a dedicated investment committee and a separate risk management committee will oversee portfolio decisions and regulatory compliance respectively.
Shares of Ryde, listed on NYSE American, fell more than 13% in early afternoon trading on Thursday, reducing a year-to-date gain of over 122%. The announcement comes as the broader crypto treasury sector faces pressure, with monthly inflows dropping to $555 million in February 2026, the lowest since October 2024.
Originally reported by CoinTelegraph.
