Treasury policy in cryptocurrency refers to the strategies and guidelines that govern how a project or organization manages its digital assets. This includes decisions on holding, spending, or investing the cryptocurrency it possesses.A well-structured treasury policy helps ensure financial stability and sustainability. It outlines how much of a certain token will be held in reserve, how funds will be allocated for development, marketing, or other operational needs, and under what circumstances assets might be liquidated or reinvested.Additionally, a treasury policy often includes risk management practices. This ensures that the organization protects itself against market volatility while aiming to achieve growth. By clearly defining these strategies, the organization can better navigate the challenges posed by price fluctuations and regulatory changes.Overall, a sound treasury policy is essential for maintaining the financial health of any organization operating in this space, helping to manage resources effectively and align with long-term goals.
Ripple, Absa Partner to Launch Digital Asset Custody in South Africa
Ripple has entered a strategic partnership with Absa Bank to provide digital asset custody services to customers in South Africa,