DV8 today appointed Jason Fang, founder of Sora Ventures, as Chief Executive Officer, in which a shift was set out to a company restaurant and a broader strategy for digital assets, the company said.
The move follows a month -long reform of the property and the balance sheet of DV8.
A cross -border group with Sora Ventures, Utxo Management, Kliff Capital, Asiastratey, Moon Inc. And Mythos Group has initiated a takeover of the Thai-raised company through a voluntary offer in July, which positions DV8 to carry out a Bitcoin-Central Playbook for public companies in Southeast Asia.
Days later, DV8 called Thai investor Chatchaval Jiaravanon as chairman and expanded the board with a mix of local managers and crypto operators.
DV8 also raised fresh capital through an order program in mid -July. According to business requests, shareholders have exercised 99.9% of the available DV8-W2 warrants at 0.80 baht, with approximately THB 241 million, approximately $ 7.4 million and cash by 38%. The capital increase gives the business space to start with treasury activity and related infrastructure work under the new mandate.
Fang arrives with a record of structuring Bitcoin programs for structuring Bitcoin in Asia. In December 2024, Sora Ventures announced a $ 150 million fund to help government companies implement Bitcoin strategies for the Bitcoin of tailor-made balance trips on local market rules.
In February, Fang described a “MicroStrategy 2.0” framework in Hong Kong that combines direct interests with yield-oriented structured products, while private key management is removed from end investors.
The Sora Ecosystem has since switched to public markets via Top Win International’s merger and Rebrand Path to Asiastratey on Nasdaq, including a ticker change in SORA and a subsequent push in strategic investments with regard to the adoption of companies.
In August, Asiaststratey unveiled a convertible $ 10 million memorandum under the leadership of Wiselink and he started to accept Bitcoin for luxury watch sales, in which an operational layer of settlement was added that is a supplement to the Treasury script.
The policy background of Thailand has improved for companies that explore digital assets. The government approved a five-year exemption from personal income tax on crypto winsts for investors, a movement that reduces friction for capital formation and potential participation of the secondary market around Bitcoin-Treasury shares.
The Securities Regulator has also authorized the use of USDT and USDC in digital asset transactions, so that Stablecoin pairs can become at local locations and broaden the toolkit for market liquidity. Separate coverage This cycle has pointed to a first local place Bitcoin ETF approval, which indicates a gradual expansion of regulated Bitcoin exposure within the jurisdiction.
For DV8, the immediate route map on Treasury Governance, disclosure of Cadans and the sequencing of all initial bitcoin purchases, while the transition from the council and new cash offer the operational basis.
Earlier actions on the Sora network, including structured return overlays and cross-listings that connect Hong Kong and American markets, offer a template for how treasury accumulation can deal with business financing aids and product initiatives.
The tendering of DV8, changes to the board and the commandwants for the background for the appointment of Fang, which now concentrates decision-making for a Thai issent who pursues a Bitcoin-first model that is linked to a broader regional network of public companies and investors.
Publication: Sora Ventures is an investor in CryptoSlate.
