DV8 (SET: DV8), a publicly listed company on the Stock Exchange of Thailand transforming into a provider of regulated digital asset infrastructure, entered a Share Purchase Agreement to acquire Rakkar Digital on March 24, 2026. DV8 builds institutional-grade businesses across the digital asset value chain, focusing on custody, treasury, and financial services infrastructure. Rakkar Digital provides secure, compliant digital asset custody to institutional clients. The acquisition marks DV8’s first direct entry into licensed digital asset operations in Thailand.
Acquisition Overview
DV8 signed the Share Purchase Agreement with Rakkar Digital on March 24, 2026. The deal gives DV8 a licensed digital asset custodian. Rakkar Digital holds over US$700 million in assets under custody as of December 24, 2024.
This transaction follows DV8’s September 2025 investment in Bitplanet. DV8 acquired a stake in Bitplanet, a Korean digital asset treasury platform. Together, these moves build DV8’s position in regulated digital assets across Asia. The acquisition creates Thailand’s first bitcoin treasury company with a digital asset license. DV8 gains custody infrastructure trusted by institutional clients. In parallel, broader digital innovation momentum continues, with PeakAI Raises $2M highlighting growth in AI-driven platforms across the ecosystem.
About the Company
DV8 (SET: DV8) lists on the Stock Exchange of Thailand. The company started as a media business but is now shifting to regulated digital asset infrastructure in Asia. DV8 develops a portfolio spanning custody, treasury, and financial services. Sora Ventures backs DV8. Sora Ventures invests in publicly traded digital asset companies across Asia, while industry capital flows remain active, as seen in ParaFi Capital Secures $125M to support digital asset and fintech investments.
Rakkar Digital serves as the acquisition target and holds a digital asset custodian license from Thailand’s Securities and Exchange Commission. SCBX and Fireblocks formed Rakkar Digital as a joint venture, with SCBX owning Siam Commercial Bank and Fireblocks supplying global digital asset infrastructure.
Key Parties
Sora Ventures led DV8’s transformation. An investor group completed a voluntary tender offer for DV8 in July 2025. The group included:
- Sora Ventures
- UTXO Management
- Kliff Capital
- AsiaStrategy
- Moon Inc.
- Mythos Group
Jason Fang, Founding Partner of Sora Ventures, became Co-Chief Executive Officer of DV8 in September 2025. Chatchaval Jiaravanon, a Thai investor, joined as Chairman of DV8 in July 2025. The board added local executives and digital asset experts, while SCB 10X backed Rakkar Digital early, investing US$10 million in its 2022 seed round.
Strategic History
DV8 marked these milestones since mid-2025:
- July 2025: Investor group completed voluntary tender offer for DV8.
- July 2025: DV8 raised THB 241 million (US$7.4 million) through warrant program for treasury and infrastructure.
- July 2025: Chatchaval Jiaravanon appointed Chairman of DV8; board expanded.
- August 2025: DV8 restructured ownership and balance sheet.
- September 2025: Jason Fang appointed Co-CEO of DV8.
- September 2025: DV8 invested in Bitplanet.
- March 24, 2026: DV8 signed Share Purchase Agreement for Rakkar Digital.
These steps reflect DV8’s pivot to digital assets, with the Rakkar Digital deal advancing custody capabilities.
Market Context
Custody forms the base of institutional digital asset frameworks. It demands licensing, compliance, security, resilience, and regulatory ties. Rakkar Digital meets these requirements. Thailand’s Securities and Exchange Commission issued Rakkar Digital’s license. The platform operates from Thailand and serves regional clients.
DV8’s strategy targets regulated entities, with the Bitplanet investment expanding treasury operations in Korea. Rakkar Digital adds custody in Southeast Asia, positioning DV8 within compliant Asian markets as the company builds infrastructure-grade operations.
