DV8 has made history by becoming the first company in Southeast Asia to hold a Bitcoin treasury, having obtained a digital asset license.
The publicly traded entity DV8 (SET: DV8) has entered into a Share Purchase Agreement to acquire Rakkar Digital, which is recognized as a licensed custodian for digital assets in Thailand.
This acquisition signifies DV8’s inaugural venture into regulated digital asset operations and indicates a strategic shift towards establishing infrastructure that institutional investors can depend on throughout Asia.
Rakkar Digital boasts over $700 million in assets under its custody and was formed through a partnership between SCBX, the parent organization of Siam Commercial Bank, and Fireblocks, an international provider of digital asset infrastructure. This information was disclosed in communication with Bitcoin Magazine.
The initial support from SCB 10X played an essential role in facilitating Rakkar Digital’s growth. For DV8, the company’s regulatory compliance, operational framework, and established trust among institutional clients rendered it an ideal match.
Custody is fundamental to any strategy involving institutional-grade digital assets. It necessitates licensing compliance, security expertise, and ongoing interaction with regulatory bodies.
By acquiring Rakkar Digital, DV8 stated that they have secured access to a platform already adhering to these standards—providing them with solid ground within Asia’s dynamic digital asset landscape.
This acquisition follows DV8’s investment made in September 2025 into Bitplanet—a South Korean platform focused on managing digital asset treasuries.
Together these initiatives reflect a coherent strategy: supporting regulated and resilient enterprises that bolster DV8’s capacity for cross-border operations while fulfilling institutional requirements.
Initially founded as a media company, DV8 is now evolving into an architect of regulated infrastructure for digital assets according to their own statements.
Bitcoin as Reserve Asset
In recent years spanning five years or so, Bitcoin has increasingly emerged as an attractive reserve treasury asset among traditional financial institutions.
The case study of Strategy (MSTR) stands out prominently when examining how corporate bitcoin treasury strategies have evolved over time within the business sector.
Spearheaded by Michael Saylor’s leadership at Strategy—which transitioned from being merely software-oriented—the firm now positions Bitcoin as its primary reserve asset. This innovative approach places $BTC at the core of its corporate balance sheet strategy model!...
Strategy leverages capital markets not just for financing but specifically targets accumulating $BTC. Rather than stockpile cash or conventional securities like others might do; Strategy consistently opts instead towards issuing equity along with convertible debt instruments aimed directly at funding further acquisitions related specifically toward enhancing their overall quantity held regarding bitcoins! Their objective? To optimize “$BTC/share” metrics while aligning shareholder interests closely alongside long-term appreciation prospects associated therewith!