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Asian consortium led by Metaplanet targets Thai market with DV8 acquisition
In a groundbreaking move, Metaplanet has announced its expansion into the Thai market through the acquisition of DV8 Public Company Limited. This strategic partnership marks a significant milestone for the Bitcoin-focused investors and venture capital firms involved in the deal.
The consortium includes prominent names such as UTXO Management, co-founded by Tyler Evans and David Bailey, Bitcoin Magazine founder; Sora Ventures, which has backed over 40 companies across the Bitcoin, DeFi, and Web3 sectors; Kliff Capital, Thailand’s leading alternative asset manager founded by Annie Yang, formerly of Goldman Sachs and KKR, entrepreneur Tanat Tananivit, and financial strategist Kip Tiaviwat. The alliance also comprises Moon Inc., listed on the Hong Kong Stock Exchange, and AsiaStrategy, a Nasdaq-listed firm investing in Asian public companies with Bitcoin treasury strategies.
The proposed acquisition is expected to accelerate the adoption of digital assets within Thailand’s capital markets, showcasing Metaplanet’s commitment to expanding its reach across the region.
Source: cryptoslate.com
