Caliber Selects StoneX for Added Trading and Custody for LINK Treasury

Rhea-AI Summary

Caliber (Nasdaq:CWD) announced on Dec. 16, 2025 that it selected StoneX as an additional institutional platform for trading and custody to support its Digital Asset Treasury (DAT) strategy focused on Chainlink’s token, LINK. StoneX Prime will provide access to deep liquidity and institutional-grade custody. Caliber reiterates disciplined accumulation, long-term holding and yield generation to give shareholders transparent, mark-to-market exposure to LINK.

Market Reality Check

$1.71 Last Close

Volume Volume 88,150 vs 20-day average 161,871 (relative volume 0.54x) shows muted trading ahead of this news. low

Technical Price $1.69 sits near the 52-week low $1.63 and trades below the 200-day MA $4.88, indicating a weak longer-term trend pre-announcement.

Peers on Argus

CWD fell 3.43% while peers showed mixed moves (e.g., PWM -16.43%, BCG -5.96%, EQS +0.57%, RMCO +0.42%, RCG -0.15%), suggesting stock-specific dynamics around its LINK-focused strategy rather than a unified sector trade.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 11	LINK staking update	Positive	-1.1%	Staked 75,000 LINK with node operator to earn token-denominated yield.
Nov 18	Nasdaq compliance	Positive	+8.3%	Regained compliance with Nasdaq stockholders’ equity requirement of $2.5M.
Nov 13	Q3 2025 earnings	Negative	-8.3%	Weaker revenue, net loss, going concern context despite launching DAT strategy.
Nov 04	Earnings call timing	Neutral	-4.1%	Set date and access details for Q3 2025 earnings call and webcast.
Oct 31	Debt-to-equity swap	Positive	+1.1%	Converted $1.9M of notes into equity, cutting interest and reducing leverage.

Pattern Detected

Crypto/LINK and capital-structure news often generate volatile but mixed reactions, with some positive operational updates met by flat or negative moves.

Recent Company History

Over the last few months, Caliber has balanced capital-structure repair with its Digital Asset Treasury strategy. It converted notes to equity, cutting interest expense and registering 561,747 resale shares, while also raising more than $30.0M of equity. On the crypto side, it accumulated and then staked LINK, positioning shareholders for transparent, mark-to-market exposure. Today’s StoneX partnership extends earlier steps like Coinbase Prime, further building out LINK trading and custody infrastructure.

Regulatory & Risk Context

Active S-3 Shelf Registration 2025-11-03

An active Form S-3 filed on 2025-11-03 registers 561,747 Class A shares for resale by existing noteholders, tied to about $1,897,504.55 of converted notes. The company receives no proceeds from these resales but already benefited from debt extinguishment. The shelf is not yet effective, has 1 recorded usage via a 424B3 prospectus, and could facilitate ongoing secondary selling by those holders.

Market Pulse Summary

This announcement extends Caliber’s Digital Asset Treasury strategy by adding StoneX as another institutional platform for LINK trading and custody. It follows earlier steps such as LINK purchases, staking, and institutional custody arrangements, all aimed at giving shareholders transparent, mark-to-market LINK exposure. Against a backdrop of recent equity raises, debt conversions, and a resale S-3, investors may watch how quickly this infrastructure translates into sustainable financial performance.

Key Terms

custody financial

"StoneX as an additional institutional platform for trading and custody in support"

Custody is the safekeeping and management of financial assets, such as stocks or bonds, by a specialized institution on behalf of an investor. It ensures that the assets are securely stored, properly maintained, and accurately accounted for, similar to how a bank safely holds valuables for a customer. This arrangement gives investors confidence that their assets are protected and properly managed, allowing them to focus on their investment goals.

digital asset treasury (dat) strategy financial

"institutional platform for trading and custody in support of Caliber’s Digital Asset Treasury (DAT) Strategy."

A digital asset treasury (DAT) strategy is a company’s plan for holding and managing cryptocurrencies or tokenized assets as part of its cash and reserves. It covers how much to hold, where to store them, how to convert them to cash, and ways to reduce price swings and compliance risk. For investors, this matters because it can change a firm’s balance sheet volatility, potential upside from price gains, liquidity needs, and regulatory exposure—similar to choosing whether to keep part of a savings pile in foreign currency or gold.

treasury reserve policy financial

"first Nasdaq-listed company to publicly adopt a treasury reserve policy centered on Chainlink’s Token"

A treasury reserve policy is a company's written plan for how much cash and other liquid assets it keeps on hand, where those funds are held, and how they can be used. It matters to investors because it shows how prepared a business is to handle unexpected costs, fund operations or investments, and meet debt obligations—similar to a household emergency fund that prevents selling valuables in a crisis and helps preserve financial stability and flexibility.

mark-to-market financial

"provides its shareholders with transparent, mark-to-market exposure to LINK while reinforcing"

"Mark-to-market" is a method of valuing assets or investments based on their current market price, rather than their original cost or value. It helps investors see the most up-to-date worth of their holdings, much like checking the latest price of a stock before deciding to buy or sell. This approach ensures that financial statements reflect real-time value, providing a clearer picture of overall financial health.

blockchain infrastructure technical

"its position at the intersection of real asset investing and blockchain infrastructure."

Blockchain infrastructure is the underlying technology — the networks, software, and data storage — that records and moves digital ownership and transactions in a secure, tamper-resistant way. Like roads and pipes for a city, it determines how fast, cheap and safe digital activity runs; investors watch it because its performance, costs, security and regulatory posture directly affect a project’s usefulness, adoption potential and long‑term value.

AI-generated analysis. Not financial advice.

SCOTTSDALE, Ariz., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Caliber (Nasdaq: CWD), a diversified real estate and digital asset management platform, today announced it has selected StoneX as an additional institutional platform for trading and custody in support of Caliber’s Digital Asset Treasury (DAT) Strategy. StoneX, through its Prime offering, is providing Caliber with access to deep liquidity and institutional-grade custody, using the same infrastructure trusted by some of the world’s largest financial institutions.

“We are excited to be adding StoneX as a partner to support our digital asset treasury infrastructure,” said Chris Loeffler, Chief Executive Officer of Caliber, “Our goal is to present differentiated exposure to LINK through Caliber’s stock and StoneX brings Caliber an edge in LINK accumulation and trading, powered by its institutional services group.”

Brian Mulcahy, CEO of StoneX Digital, commented: “We’re proud to support Caliber with their DAT strategy. StoneX Digital is dedicated to servicing our customers’ requirements, and much like the entirety of our business, this is a natural extension of the global financial services capabilities of StoneX Group.”

Caliber is the first Nasdaq-listed company to publicly adopt a treasury reserve policy centered on Chainlink’s Token, LINK. The Company’s strategy calls for disciplined accumulation of LINK over time, long-term holding and yield generation. By doing so, Caliber provides its shareholders with transparent, mark-to-market exposure to LINK while reinforcing its position at the intersection of real asset investing and blockchain infrastructure.

About Caliber (CaliberCos Inc.)

Caliber (Nasdaq: CWD) is an alternative investment manager with over $2.7 billion in Managed Assets and a 16-year track record in private equity real estate investing across hospitality, multi-family, and industrial real estate. In 2025, Caliber became the first U.S. public real estate platform to launch a Digital Asset Treasury strategy anchored in Chainlink (LINK). This initiative bridges real and digital asset investing through an equity-funded, disciplined approach that includes staking for yield. Investors can participate via Caliber’s publicly traded equity (Nasdaq: CWD) and private real estate funds. Learn more at caliberco.com.

About StoneX Digital

StoneX Digital was launched in June of 2022 with a mission to provide institutional clients with sophisticated digital asset trading tools and market access. As financial institutions turn to regulated, established entities for their digital asset needs, the StoneX Group’s robust product portfolio and geographical scale deliver the security and reliability that the market demands.

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner for its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 50 company headquartered in New York City and listed on the Nasdaq Global Select Market (Nasdaq: SNEX), StoneX Group Inc. and its more than 4,700 employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 260,000 self-directed/retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the Company’s public offering filed with the SEC and other reports filed with the SEC thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Contacts:
Caliber Investor Relations
Ilya Grozovsky | +1 480-214-1915 | Ilya@CaliberCo.com

StoneX
Brian Mulcahy | Brian.Mulcahy@StoneX.com

FAQ

What did Caliber (CWD) announce on December 16, 2025 regarding StoneX?

Caliber said it selected StoneX as an additional institutional platform for trading and custody to support its DAT strategy for LINK.

How does the StoneX partnership affect Caliber’s LINK treasury strategy (CWD)?

StoneX Prime will provide Caliber with access to deep liquidity and institutional-grade custody for LINK accumulation and trading.

What exposure to Chainlink (LINK) do Caliber shareholders get through CWD?

Caliber provides shareholders with transparent, mark-to-market exposure to LINK via its treasury reserve policy and stock.

Is Caliber the first Nasdaq-listed company with a LINK-centered treasury reserve policy?

Yes; Caliber is described as the first Nasdaq-listed company to publicly adopt a treasury reserve policy centered on LINK.

Will StoneX handle custody for Caliber’s digital assets (CWD)?

Yes; the announcement says StoneX will provide institutional-grade custody as part of its Prime offering.

What is Caliber’s stated approach to managing its LINK treasury holdings (CWD)?

Caliber’s strategy calls for disciplined accumulation over time, long-term holding and yield generation.