DV8Thailand indicators a deal to amass Rakkar Digital, marking Southeast Asia’s first Bitcoin treasury firm to carry a digital asset license.
DV8Thailand has signed a Share Buy Settlement to amass an fairness stake in Rakkar Digital. The Bangkok-listed agency made the announcement on March 24, 2026.
Rakkar Digital holds a digital asset custodian license from Thailand’s Securities and Change Fee. This transfer makes DV8 the primary Bitcoin treasury firm in Southeast Asia to achieve entry to a licensed digital asset operation.
It marks a flip within the firm’s broader institutional technique throughout Asia.
DV8Thailand Steps Into Licensed Digital Asset Custody
Rakkar Digital will not be a brand new participant.
The custodian reported over $700 million in property underneath custody as of December 24, 2024.
It was initially arrange as a three way partnership between SCBX, the mother or father firm of Siam Industrial Financial institution, and Fireblocks, a world digital asset infrastructure supplier.
SCB 10X supplied early backing via a $10 million seed funding in 2022. That institutional basis gave Rakkar Digital a powerful compliance and operational base from the beginning.
In accordance with a press launch, DV8 sees custody as central to any credible institutional digital asset framework. Custody calls for licensing, compliance experience, and sustained regulatory engagement.
By buying Rakkar Digital, DV8 beneficial properties a enterprise already assembly these requirements. The platform is trusted by numerous institutional shoppers, making it a strategic match for DV8’s ambitions.
DV8Thailand has signed a share acquisition settlement to purchase an fairness stake in Rakkar Digital, changing into Southeast Asia’s first Bitcoin treasury firm to acquire a digital asset license.
Rakkar Digital reported over $700 million in property underneath custody as of Dec. 24, 2024. The…
— Wu Blockchain (@WuBlockchain) March 24, 2026
DV8’s Digital Asset Technique Takes Form
This acquisition doesn’t stand alone.
In September 2025, DV8 made its first transfer underneath its new path by buying a stake in Bitplanet, a Korean digital asset treasury platform.
The Rakkar Digital deal follows that very same logic. DV8 is constantly concentrating on regulated, operationally sound companies throughout the digital asset area.
The groundwork for this technique began in mid-2025. In July 2025, a world investor group accomplished a voluntary tender provide for DV8.
That group included Sora Ventures, UTXO Administration, Kliff Capital, AsiaStrategy, Moon Inc., and Mythos Group. Their involvement set the path for DV8’s transformation right into a digital asset-focused public firm.
Additionally in July 2025, DV8 accomplished a warrant program that raised roughly THB 241 million, roughly $7.4 million. These funds went towards treasury exercise and infrastructure improvement.
Thai investor Chatchaval Jiaravanon was appointed Chairman across the similar time. The board additionally expanded with native executives and digital asset specialists to strengthen governance.
Learn additionally: Thailand Crypto Platforms Freeze 10,000 Accounts in AML Crackdown
Management and Structural Modifications Drive DV8 Ahead
Management adjustments performed a serious function in DV8’s pivot.
In September 2025, Jason Fang, Founding Associate of Sora Ventures, joined as Co-Chief Govt Officer.
His appointment signaled the corporate’s critical intent to construct throughout the digital asset trade. DV8 additionally accomplished a restructuring of its possession and steadiness sheet in August 2025 to help long-term targets.
Every transfer since mid-2025 has pointed in a single path. DV8 is constructing an institutional-grade digital asset enterprise throughout Asia.
The Rakkar Digital acquisition provides it a regulated custody platform to anchor that imaginative and prescient. Custody infrastructure is a crucial layer, and DV8 now controls a licensed piece of it.
The deal additionally strengthens DV8’s standing in Thailand’s rising digital asset market. Thailand’s SEC has been energetic in licensing and regulating the sector.
Having a licensed custodian underneath its umbrella positions DV8 effectively as institutional curiosity in digital property continues to develop throughout the area.