A publicly listed real estate firm has become the first corporate treasury vehicle to hold Chainlink (LINK) as a reserve asset, signaling the growing push by companies to adopt alternative digital assets beyond Bitcoin (BTC) and Ethereum (ETH).

CaliberCos, a Phoenix-based asset manager whose stock has fallen more than 98% since its 2023 Nasdaq debut, announced that its board approved a strategy to allocate part of its treasury to Chainlink’s native token.

The company also plans to stake the tokens to generate yield for investors and integrate Chainlink’s blockchain technology into core operations such as asset valuation and automation.

Treasury shift amid struggles

The pivot comes as Caliber grapples with severe financial pressure. Just a day before the announcement, Nasdaq issued the company a delisting notice for failing to meet the $160 million minimum stockholder equity requirement.

At the end of June, Caliber’s equity stood at just $17.6 million.

Despite its challenges, the move drew strong investor reaction. Shares surged 60% after the announcement, highlighting how digital asset exposure can provide momentum to struggling firms.

The announcement also comes amid several high-profile developments and partnerships for Chainlink, including with Japan’s SBI and potentially spot exchanged traded funds tied to LINK.

Chainlink adoption expands

With the decision, Chainlink joins Bitcoin and Ethereum as tokens adopted by corporate treasuries, expanding the universe of digital assets held on balance sheets. Caliber’s board described LINK as a liquid asset with long-term growth potential.

The firm’s CEO, Chris Loeffler, said the strategy reflects Caliber’s goal of being a diversified alternative asset manager that bridges physical and digital infrastructure.

Alongside the treasury allocation, Caliber has also formed a crypto advisory board made up of several experts to oversee its digital asset policy.

The development marks a milestone for Chainlink, whose token has risen sharply this year amid record wallet growth and growing adoption of its blockchain services.

Mentioned in this article

A Philippine lawmaker has introduced a measure that would require the central bank to build a strategic Bitcoin reserve, marking one of the most ambitious crypto policy proposals in Southeast Asia.

Representative Migz Villafuerte filed the “Strategic Bitcoin Reserve Act” in June, calling for the country’s central bank, Bangko Sentral ng Pilipinas (BSP), to purchase 2,000 Bitcoin (BTC) annually over five years.

At current prices, the plan would cost more than $1.1 billion and establish a 10,000 BTC reserve locked in trust for at least two decades.

Bid for financial security

The proposal outlines a “Bitcoin Purchase Program” that would make the BSP a long-term holder of the digital asset. The reserve would be barred from being sold or transferred except in cases of retiring government debt.

Villafuerte described Bitcoin as a modern strategic asset that could diversify the nation’s balance sheet and enhance financial security, likening it to digital gold.

The measure would also require the central bank to introduce a proof-of-reserves system, with quarterly public disclosures detailing holdings, transactions, and custody arrangements.

Global context

If enacted, the Philippines could surpass El Salvador’s 6,276 Bitcoin holdings and rival Bhutan, which owns about 10,565 coins.

El Salvador has led global adoption since declaring Bitcoin legal tender in 2021, while Bhutan’s sovereign investment arm has quietly accumulated large reserves.

At current levels near $116,850 per coin, the Philippines’ proposed reserve would represent a substantial sovereign commitment to Bitcoin, positioning the country among the world’s largest state-level holders.

The bill faces congressional debate in the months ahead as policymakers weigh the risks and potential benefits of tying a portion of the nation’s financial future to the volatile crypto market.

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in…

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August 21, 2025

Brazil is moving toward creating a $19 billion Bitcoin strategic reserve termed RESBit, following a public hearing held on August 20. The session, led by the Chamber of Deputies’ Economic Development Commission in Brasília, brought together lawmakers, economists, and digital asset experts to discuss Bill 4501/24, which proposes using Bitcoin to modernize Brazil’s treasury management and strengthen its position in the global digital economy.

If approved, Brazil would join the ranks of El Salvador, the U.S., China, the EU, and Dubai in exploring government-backed Bitcoin holdings, signaling a major step in adopting digital assets as part of national economic planning.

$19B Bitcoin Reserve as Treasury Hedge Against Dollar As RESBit Faces Multi-Committee Scrutiny

The initiative, authored by Deputy Eros Biondini (PL-MG) and brought forward for debate by Deputy Luiz Philippe de Orleans e Bragança (PL), envisions a Bitcoin reserve worth $18.6 to $19 billion.

The plan frames Bitcoin as a “digital commodity” comparable to gold, with the goal of diversifying Brazil’s financial reserves, hedging against currency volatility, and insulating the economy from geopolitical shocks.

Under the proposal, the Central Bank of Brazil and the Ministry of Finance would oversee custody and management of the assets, publishing biannual reports on performance, risk exposure, and strategic impact. Supporters argue this transparency could strengthen trust in the initiative and anchor it within broader fiscal stability measures.

Lawmakers pointed to international examples, including El Salvador’s adoption of Bitcoin as legal tender and pilot reserve initiatives in the U.S. and Asia, to frame RESBit as part of a global push to integrate cryptocurrencies into sovereign balance sheets.

Proponents described Bitcoin as a safeguard against monetary inflation and dollar hegemony, suggesting that the digital reserve could reinforce Brazil’s long-term financial sovereignty.

Industry experts invited to the hearing, including Diego Kolling of Méliuz and Julia Rosim of ABcripto and Bitso, acknowledged Bitcoin’s scarcity and decentralization as potential long-term benefits but cautioned lawmakers on its well-known volatility and security risks.

They stressed that custody frameworks, liquidity management, and cybersecurity protections would be crucial to prevent fiscal exposure.

Notably, the bill faces an extensive multi-committee review before reaching the full Chamber for a vote.

It must clear four powerful bodies — the Economic Development Commission, the Science, Technology, and Innovation Committee, the Finance and Taxation Committee, and the Constitution, Justice, and Citizenship Committee — before advancing to the Senate. Each stage provides opportunities for technical adjustments and political negotiation.

Critics at the session warned of broader fiscal implications, arguing that diverting nearly $19 billion into Bitcoin could restrict funding for infrastructure and social programs while exposing public finances to sudden swings in crypto markets.

Others flagged transparency and accountability as potential weak points, noting the need for robust reporting and oversight if the reserve moves forward.

Latin America’s Bitcoin Momentum: Brazil to Join the Sovereign Reserve Movement

Brazil’s proposed RESBit initiative positions the country at the forefront of Latin America’s crypto drive, joining a growing list of nations eyeing strategic Bitcoin reserves. Notably, Brazil already leads the region in both trading volume and adoption, ranking 10th worldwide in Chainalysis’ 2024 Geography of Crypto report.

Brazilian tax authority data revealed nearly $76 billion in crypto transactions last year, indicating the scale of integration across its economy.

Lawmakers described RESBit as a crucial step to harness this momentum, with the Central Bank and Finance Ministry tasked with biannual performance and risk reports to ensure oversight and alignment with financial policy.

Beyond Brazil, several other nations have already moved to integrate Bitcoin at the sovereign level. El Salvador remains the flagship case of sovereign Bitcoin adoption, making it legal tender in 2021. Retail use has since plunged from 25.7% in 2021 to just 8.1% in 2024, but the government has continued to buy the dip.

At the time of writing, its holdings stand at 6,275 BTC, worth around $710 million, giving it sizable unrealized gains and reaffirming its role as a crypto pioneer.

Argentina and Venezuela have also turned to Bitcoin and stablecoins to offset inflation and bypass dollar shortages, signaling a broader regional tilt.

In the U.S., Bitcoin has entered state coffers through criminal seizures, making the country the largest known holder with nearly 198,000 BTC as of July 2025. China follows closely with about 194,000 BTC, most of it tied to the PlusToken Ponzi scheme but reportedly sold.

While neither has adopted Bitcoin as legal tender, their large holdings show a shift in how major economies view the asset: less as speculation, more as a strategic reserve.

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Federal Reserve (Fed) Governor Michelle Bowman is urging US regulators to abandon their “overly cautious mind-set” regarding cryptocurrencies, blockchain technology, and artificial intelligence (AI). 

Speaking at the Wyoming Blockchain Symposium, Bowman emphasized the need for a proactive approach to adapt to emerging technologies, marking a departure from the more conservative stance of previous regulatory bodies.

Bowman Advocates For Flexible Oversight 

Bowman, who was nominated to the Federal Reserve Board by President Donald Trump in 2018 and appointed as Vice Chair for Supervision earlier this year, stated, “Despite this past inertia, change is coming.” 

She underscored the importance of choosing to embrace this change and creating a regulatory framework that is both reliable and efficient. “We must ensure safety and soundness while incorporating the benefits of speed and efficiency,” she asserted. 

The choice is clear from a regulator’s perspective: we can either stand still and let new technology bypass the traditional banking system or help shape its future.

A key topic in her address was the recently passed GENIUS Act, which regulates stablecoins. This legislation, signed into law by President Trump, has positioned stablecoins at the forefront of discussions about the future of the financial system. 

According to Bowman, dollar-pegged cryptocurrencies have the potential to disrupt traditional payment infrastructures while offering new opportunities for the banking sector.

In addition to discussing stablecoin regulation, Bowman revealed that she is working on plans to adjust banks’ regulatory commitments according to their size and complexity. 

Fed’s Discontinuation Of Crypto Oversight Program

The Federal Reserve also disclosed last week the discontinuation of its “novel activities” supervision program, which was designed to monitor banks’ interactions with the cryptocurrency and fintech sectors. 

This program, launched in 2023, faced criticism for imposing significant restrictions on banks engaging with digital assets. The Fed has determined that such specialized oversight is no longer necessary, citing an improved understanding of the risks involved and how banks can effectively manage these challenges.

As reported by Bitcoinist, the central bank’s move is part of a broader effort to align with President Donald Trump’s vision of making America the “crypto capital of the world.” 

By incorporating digital asset oversight into its conventional bank supervision framework, the Federal Reserve aims to foster an environment that supports innovation in the financial sector.

Speculation about Bowman’s future role has also emerged, with her name mentioned as a potential successor to current Fed Chair Jerome Powell when his term concludes in May 2026. However, during a recent Bloomberg interview, she deflected questions about her aspirations for that position.

Governor Bowman’s remarks and the regulatory changes she advocates reflect a pivotal moment for the US financial landscape, as regulators seek to balance innovation with the need for safety and stability in the banking system.

Featured image from DALL-E, chart from TradingView.com 

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Brazilian lawmakers will hold their first hearing on August 20th to look into the bill that proposes building a strategic reserve for Bitcoin. The reserve is worth up to $18.6 billion and can take a serious step towards reshaping how Brazil I’ll think about it Foreign readiness and economic resilience.

Hearing focuses on risk management and diversifying reserves

Bill 4501/2024 proposes to hold up to 5% of Brazil’s Treasury reserves in Bitcoin, framing it in response to hedging currency volatility and rising geopolitical risks. Lawmakers who support the proposal say it’s not about betting on Bitcoin, but about preparing for a financial world that looks very different from what Brazil had planned in the past.

Brazil’s Congress will discuss the creation of a strategic Bitcoin Reserve.
Brazil’s historic step in the global crypto landscape.#Brazil #bitcoin #cryptonnews pic.twitter.com/bqganmuva5

– Just Santana (@kakassanana) August 20, 2025

Experts from all over the industry will talk

This is not just a political form. Deputy Louis Philippe de Orleans E. Braganza has called for a hearing, with Diego Colling, who leads the Bitcoin strategy at Mary’s, and Julia Rosim of Bitso and Abupriptoco. Officials from Brazil’s central bank and the Ministry of Finance are also there, revealing that this is more than just a crypto-only conversation. Also, it’s about fiscal strategy.

Discovered: 20+ Next Cryptocurrency Exploding in 2025

Bitcoin is placed under joint custody

If passed, the bill will place custody of the Bitcoin Reserve in both the central bank and the Treasury. The designers configured it to avoid centralized control and add a layer of monitoring. The law also calls for double annual reports on reserve performance and risk, giving lawmakers and the public a more clear view of how the experiment is progressing.

24 hours7d30D1Yeverytime

The next step involves several approval layers

Once this hearing is over, the bill still has a long way to go. Four important committees must be cleared: economic development, science and innovation, finance and taxation, constitution and justice. If it accomplishes it through that gauntlet, it heads to the full vote in the House and in the Senate, and finally to the President for final approval. The August 20th hearing was just the first test.

Discover: Best New Cryptocurrencies to Invest in 2025

Brazil shows that they are already used to cryptography

Brazil doesn’t start from scratch here. Already one of the most active crypto markets in Latin America, it quickly approves crypto ETFs. Last year, trading volumes approached $76 billion, and the country has been highly praised by global adoption reports. Adding Bitcoin to the national reserves is a major move, but it has no characterization.

Discover: 20+ Next Cryptocurrency to Explode in 2025

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Brazil’s Chamber of Deputies Economic Development Commission will hold its first hearing on Aug. 20 to examine a proposal to establish a Bitcoin Strategic Reserve (RESBit) worth up to $18.6 billion.

As Agência Câmara de Notícias reported, the 3 P.M. ET session will gather technical perspectives on Bill 4501/24, which seeks to modernize Brazil’s treasury management and enhance competitiveness in the global digital economy.

Deputy Luiz Philippe de Orleans e Bragança requested the hearing to collect expert analysis from government agencies and financial institutions regarding the RESBit proposal.

The legislation aims to diversify Brazil’s Treasury assets and protect international reserves against exchange rate fluctuations and geopolitical risks.

Confirmed speakers include Diego Kolling, head of Bitcoin strategy at Méliuz, and Julia Rosim, ABcripto policy working group coordinator and Bitso head of public policy.

Legislative framework and market context

Lawmaker Eros Biondini introduced the legislation, citing successful blockchain integration by countries including El Salvador, the United States, China, Dubai, and the European Union.

The bill assigns custody responsibilities to Brazil’s Central Bank and Finance Ministry and requires biannual reports on RESBit performance and risk assessments.

Brazil leads Latin America in crypto adoption and ranks 10th globally according to Chainalysis’ Geography of Crypto report 2024.

According to Brazilian tax authority data, the country traded nearly $76 billion in crypto last year.

The proposal positions Brazil among nations exploring digital asset reserves as hedges against traditional currency.

Committee review process and approval requirements

Following the hearing on Aug. 20, the proposal enters conclusive analysis by four Chamber committees: Economic Development, Science Technology and Innovation, Finance and Taxation, and Constitution Justice and Citizenship.

Each committee must approve the legislation before advancing to full Chamber consideration.

The bill requires approval from both the Chamber of Deputies and the Senate to become law, establishing a comprehensive legislative review process for the Bitcoin reserve proposal.

Technical input from the hearing will inform committee evaluations and potential text modifications during the review phases.

Orleans e Bragança seeks perspectives from monetary authorities, government officials, banking system representatives, and subject matter experts to refine the proposal text.

The deputy noted the importance of collecting Central Bank technical analysis before committee markup sessions begin to perfect the legislation.

Mentioned in this article

Federal Reserve Vice Chair for Supervision Michelle Bowman acknowledged that crypto firms experienced debanking due to regulatory uncertainty.

During the Wyoming Blockchain Symposium on Aug. 19, Bowman also announced a fundamental shift in the Fed’s approach to blockchain innovation.

She revealed the central bank eliminated reputational risk considerations from bank supervision in late June to address barriers preventing financial institutions from serving digital asset companies engaged in legal activities.

The Fed official stated:

“Your industry [crypto] has already experienced significant frictions with bank regulators applying unclear standards, conflicting guidance, and inconsistent regulatory interpretations.”

Bowman emphasized that banks should not face penalties for serving customers conducting lawful business operations, stating that customer selection decisions “lie solely within the purview of bank management” rather than regulatory interference.

Furthermore, she noted the Fed’s transition from an “overly cautious mindset” toward embracing blockchain technology within the traditional banking system.

She warned that regulators must choose between shaping technological frameworks or allowing innovations to bypass banks entirely, potentially diminishing the banking sector’s economic relevance.

The Fed is updating examination manuals and supervisory materials to ensure lasting implementation of the reputational risk removal policy.

Four-principle regulatory framework

The Fed Vice Chair established four core principles guiding the central bank’s new approach to digital asset regulation.

Regulatory certainty tops the list, addressing industry concerns about investing in blockchain development without clear supervisory standards.

Bowman questioned whether companies would partner with banks, knowing that regulatory scrutiny brings uncertainty, rather than pursuing alternatives outside the banking system.

Tailored regulation forms the second principle, requiring supervisors to evaluate use cases based on specific circumstances rather than applying worst-case scenario expectations.

The Fed must recognize unique features distinguishing digital assets from traditional financial instruments while avoiding one-size-fits-all approaches that fail to address actual risk profiles.

Consumer protection represents the third principle, ensuring customer-facing products comply with existing consumer protection laws, including prohibitions against unfair, deceptive, or abusive practices.

Digital asset frameworks must incorporate Bank Secrecy Act and anti-money laundering requirements while maintaining bank safety and soundness standards.

American competitiveness completes the framework, positioning the US as the premier global innovation destination. Bowman warned that failing to establish appropriate regulatory structures could jeopardize long-term American leadership in financial technology development.

Technology integration and supervision changes

Bowman announced the Fed’s “novel supervision” activities will be reintegrated into Reserve Bank examination staff, reestablishing normal supervisory processes for monitoring banks’ innovative activities.

She proposed allowing Federal Reserve staff to hold minimal digital assets to develop a working understanding of blockchain functionality, comparing the necessity to hands-on learning rather than theoretical knowledge.

[Editor’s Note: This is an abrupt U-turn from previous government approaches, notably those of former SEC Chair Gary Gensler. Gensler taught college-level blockchain courses at MIT yet never actually touched a blockchain with his own funds, having admitted to never holding any digital assets and, therefore, never executing his own transactions.]

The Fed recognizes tokenization potential for facilitating faster asset ownership transfers while reducing transaction costs and settlement risks. Bowman noted that banks of all sizes, including community institutions, can benefit from efficiency gains flowing from asset tokenization technology.

Furthermore, she highlighted that the GENIUS Act passage and presidential signature position stablecoins as integral components of the financial system, with implications for traditional payment rails.

Bowman called for industry engagement to help regulators understand blockchain’s capacity for solving additional problems beyond current use cases.

She specifically requested input on leveraging new technologies to combat fraud, identifying this as an exciting collaboration opportunity between the Fed and the digital asset sector.

The Fed Vice Chair concluded that innovation and regulation complement rather than oppose each other in creating more modern, efficient financial systems.

Mentioned in this article

Michael Saylor, the co-founder and executive chairman of the Bitcoin-stacking firm Strategy, has taken to his official X account to spread the word about the US government finally recognising Bitcoin as a treasury asset.

Saylor reposted a Bitcoin statement made by the US Treasury secretary, adding his comment to that message. That US Treasury secretary’s message has triggered a wide and contradictory reaction in the BTC community.

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Saylor happy about Bitcoin’s recognition

Michael Saylor shared his take on the announcement made by the US Treasury Secretary, Scott Bessent, that the US government is finally acknowledging Bitcoin as a reserve asset and will begin to create the Strategic Bitcoin Reserve, which the US president established in March when he signed the executive order related to that.

Bessent once again confirmed that the US Treasury intends to find budget-neutral ways to accumulate more Bitcoin to expand the reserve, which is going to start from the 200,000 BTC already held by the US government.

He reminded the community about Trump’s promise to turn the United States into the “Bitcoin superpower of the world.”

Saylor commented on that tweet, summarizing it in a single line: “The US is now recognizing Bitcoin as a Treasury Reserve Asset.”

However, previously, Besset told CNBC that the US government was not planning to actually buy any new Bitcoin.

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Satoshi ally Back comments on BTC decision

The cypherpunk legend Adam Back, whose invention, Hashcash, was mentioned in the Bitcoin whitepaper and served as a basis for the Proof-of-Work system, commented on both statements made by the Treasury secretary.

First, he called the phrase about the US government not buying any more Bitcoin a mis-speak. Then he just thanked them for “cheap Sats”, stating that perhaps the statement about “budget-neutral ways to buy Bitcoin” was a way to justify overspending: “ike “it’s ok it’s budget neutral the money we spent, we saved elsewhere”. otherwise you get people griping about how many hospitals it could’ve built etc.”

However, some believed the second statement was truer than the first one. Among them is Anthony Pompliano, the CEO of the ProCap Financial Bitcoin treasury company.

Chainlink has introduced the Chainlink Reserve, a new onchain treasury designed to accumulate its native token LINK using revenue from both enterprise clients and blockchain services.

The initiative aims to support the long-term sustainability of the Chainlink Network by converting off-chain and on-chain payments into LINK through its recently expanded Payment Abstraction infrastructure.

In its early launch phase, the Reserve has already amassed over $1 million worth of LINK.

Chainlink said it expects the Reserve to continue growing with no withdrawals planned for several years, positioning it as a long-term asset base to fund future development and network incentives.

Growing the reserve

Chainlink’s Payment Abstraction allows users to pay for services in a variety of tokens, including gas tokens, stablecoins, or even fiat, with all payments programmatically converted into LINK.

This system now extends to large-scale enterprise integrations, enabling corporations to pay off-chain while still contributing to the LINK economy. The mechanism facilitates conversions using Chainlink’s own infrastructure, CCIP, Automation, and Price Feeds, alongside Uniswap V3.

As demand for Chainlink’s services rises, particularly among major banks and capital markets institutions building tokenized asset infrastructure, the volume of converted payments is expected to increase.

The Chainlink Reserve operates as an Ethereum smart contract and includes a multi-day timelock for added security. A public dashboard is available at reserve.chain.link, offering transparency into its holdings and activity.

Strengthening the economic model

The Chainlink Reserve complements the protocol’s broader economic framework, which includes usage-based fees, staking-secured revenue sharing, and a Build program that supports early-stage projects in exchange for token commitments.

Protocols like Aave and GMX already contribute to LINK demand through MEV-sharing and data stream fees.

On the cost side, Chainlink is rolling out the Chainlink Runtime Environment (CRE), which consolidates redundant infrastructure across blockchains and reduces operational overhead. These improvements are designed to increase capital efficiency while maintaining high service reliability.

With over $80 billion in value secured across over 60 blockchains and more than 2,000+ oracle feeds, Chainlink remains the dominant provider of decentralized data infrastructure.

The Chainlink Reserve is intended to ensure this position strengthens as the next wave of blockchain adoption, driven by tokenized real-world assets and stablecoins, unfolds.