First Ever: Nasdaq Company Heritage Distilling Creates $360M Crypto Reserve with a16z backing

Heritage Distilling (Nasdaq: CASK) and Story Foundation Announce the Launch of $360M $IP Token Reserve, With Participation from a16z crypto and Other Prominent Investors

GIG HARBOR, Wash.--(BUSINESS WIRE)--Aug 11, 2025-

Story Protocol, Heritage Distilling set $360M IP token reserve

Heritage Distilling to hold $360M in Story Protocol’s IP tokens, becoming the first Nasdaq-listed firm to adopt a blockchain IP asset as reserves. Heritage Distilling Holding Company (Nasdaq: CASK) will become the first U.S.-listed firm to adopt Story Protocol’s (IP)…

First Ever: Nasdaq Company Heritage Distilling Creates $360M Crypto Reserve with a16z backing

Discover how Heritage Distilling pioneers institutional crypto adoption with $220M PIPE financing and strategic $IP token reserve. See how a16z crypto leads investment.