DV8 Public Company Limited, a listed company in Thailand that reinvents itself as a Bitcoin Treasury company, has appointed Thai business magnate Chatchaval Jiaravanon as his new chairman, shared according to a statement of 11 July with shared with Shared with CryptoSlate.
Jiaravanon, best known international for acquiring Fortune Magazine in 2018, is part of the influential Charoen Pokphand Group family of Thailand.
DV8’s leadership change
His appointment comes in the midst of a broader leadership renewal on DV8 to align the company with emerging crypto-native financial models.
According to his guidance, the company is planning to adopt Bitcoin-oriented treasury practices and invest in Defi, innovation of corporate governance and the next generation of digital infrastructure.
DV8 also revealed ambitions to build a crypto-integrated digital banking system that supports financial inclusion and long-term innovation in Southeast Asia.
In the meantime, Jiaravanon will lead an 11-person administration that includes important figures of traditional finances and the web3 ecosystem.
The new board members are Vichate Tantiwanich, Natavudh Pungcharoen -Pong, John Riggins, Samuel Coyn Mate, Henry Elder and Jason Fang. The group combines deep local business knowledge with international experience in crypto -activa management and blockchain development.
This leadership revision positions DV8 to become an important player in the strategy for digital assets and crypto-financial infrastructure.
In particular, Jiaravanon offers relevant experience through his Blockchain Startup Lightnet, which was launched in 2020 to use distributed ledger technology to offer cheap transmission services for subjected migrant communities in Southeast Asia.
In the meantime, the leadership changes follow the recent acquisition of DV8 due to a strategic consortium that includes various prominent crypto investment groups. The investors include Utxo Management, Sora Ventures, Kliff Capital, Moon Inc., Asiaststrategy and Mythos Group.
In particular, all investors involved in the deal are agreed to a lock-up period of 12 months. Market observers have described this step as a strong voice of trust in the new direction of DV8 and the wider Thai Crypto market.
Fang, founder of Sora Ventures, expressed excitement about the potential of Thailand in the crypto and defi -space, entry:
“At some point Thailand had the 4th largest Defi users in the world. It is a hidden gem, and now we will unlock it together.”
