Overview
- Faraday Future completed its first $30 million crypto purchase for the newly launched FFAI C10 Treasury, which aims to scale holdings to between $500 million and $1 billion pending financing.
- The C10 Treasury will be overseen by FFAI Crypto Treasury and Bridging Holdings Inc., a separate subsidiary with third-party custodial arrangements to ensure on-chain verification and risk isolation.
- Assets in the treasury will follow an 80% passive and 20% active allocation strategy, targeting staking yields of 3%–5% to support research, development and possible stock buybacks.
- The automaker is developing an EAI Vehicle Chain for tokenized vehicle sales and crypto-deposit options, and is also exploring an exchange-traded fund based on its C10 Index.
- Faraday Future’s stock saw only modest gains after the launch, and the program’s execution depends on securing funding, finalizing custodial structures and navigating evolving crypto regulations and market volatility.