AI-native infrastructure companies launch $360 million Token reserve plan with Nasdaq-listed firms

Recently, the programmable intellectual property blockchain platform Story announced the launch of a $360 million $IP Token digital asset reserve program in collaboration with a NASDAQ-listed company. This listed company is Heritage Distilling Holding Company, Inc., with the stock code CASK. The transaction has the support of the Story Foundation and several well-known investment institutions.

Industry insiders pointed out that this transaction is quite similar to a previous case where a listed company experienced a significant surge in stock price after announcing its Ethereum digital asset reserve strategy. It is worth noting that this is the first time a top investment institution has participated in a listed company's digital asset strategic allocation, and it is also the case with the lowest market capitalization among Nasdaq-listed companies that have introduced a digital asset strategy reserve, indicating huge potential for future development.

According to the plan, Heritage will invest $82 million to purchase tokens from Story Foundation, while Story Foundation promises to fully repurchase $IP on the secondary market within 90 days.

$IP is the native Token of the Story platform. The platform allows users to register intellectual property on the chain and flexibly set usage terms through smart contracts, facilitating convenient transactions and monetization of IP between humans and AI agents. Currently, the Story ecosystem has promoted the tokenization of hundreds of thousands of digital assets and collaborated with several globally renowned artists and brands, continuously expanding the application scope of IP.

In 2024, Story partnered with an AI company to introduce a transparent authorization and compensation tracking mechanism to support the training of open-source AI models. In the third quarter of 2025, a well-known investment firm launched the Story Trust, providing institutional investors with a regulated $IP investment channel. The Poseidon incubation project, launched in July of the same year, further expands the decentralized training data space, supporting AI scenarios such as robotics, AR/VR, and autonomous systems. This project has secured $15 million in seed round funding.

The CEO of PIP Labs and founder of Story stated: "We are currently in a golden era of innovation in cryptocurrency, AI, and the tokenization of real assets. With the popularity of AI, we believe that $IP will become the new 'digital gold', with enormous value potential. The Story Foundation will use all proceeds from this token sale to expand network scale and conduct market buybacks, ensuring the long-term consistency of the ecosystem."

Heritage CEO Justin Stiefel pointed out: "This transaction is a breakthrough for Heritage and the digital asset strategy of the entire publicly listed company. For many years we have been industry pioneers, fully aware of the unique value of intellectual property, viewing $IP as a new strategic reserve asset to lead growth in the future AI era."

This strategic transaction has also received support from several senior experts in the cryptocurrency and technology fields, who will continue to provide professional guidance for Heritage's strategic development. The core team includes the founder and CEO of PIP Labs, the founder of Story, and several senior professionals from the finance, technology, and cryptocurrency sectors.

The Story Foundation board stated: "The mission of Story is to make intellectual property an investable, programmable asset, and this reserve plan reflects our ability to scale. Through this structure, public market investors can easily invest in $IP through equity investment without the need to manage digital wallets. The Story Foundation plans to use 100% of the net cash proceeds from this transaction for public market buybacks, demonstrating responsible governance and deep collaboration, while also providing Heritage with a leading advantage in the digital asset space."