DV8 Becomes First Bitcoin Treasury Company in Southeast Asia with Digital Asset License

Publicly listed DV8 (SET: DV8) has signed a Share Purchase Agreement to acquire Rakkar Digital, a licensed digital asset custodian in Thailand. 

This move represents DV8’s first direct entry into regulated digital asset operations and marks a strategic pivot toward building infrastructure that institutional investors can rely on across Asia.

Rakkar Digital, with over $700 million in assets under custody, was established as a joint venture between SCBX, the parent company of Siam Commercial Bank, and Fireblocks, a global digital asset infrastructure provider, according to a note shared with Bitcoin Magazine.  

Early backing from SCB 10X helped lay the foundation for its growth. For DV8, the company’s regulatory standing, operational framework, and trust among institutional clients made it a natural fit.

Custody lies at the heart of any institutional-grade digital asset strategy. It demands licensing, compliance, security expertise, and constant engagement with regulators. 

By acquiring Rakkar Digital, DV8 said they gained a platform already meeting those standards, giving the company a firm foothold in Asia’s evolving digital asset ecosystem.

This deal follows DV8’s September 2025 investment in Bitplanet, a Korean digital asset treasury platform. 

Taken together, these steps illustrate a consistent approach: backing regulated, resilient businesses that enhance DV8’s ability to operate across borders while meeting institutional expectations.

DV8 was originally a media company but is now transforming into a builder of regulated digital asset infrastructure, the company said. 

Bitcoin as a reserve asset

Over the last five years, Bitcoin has become a more and more popular treasury reserve asset for traditional finance companies. 

Strategy (MSTR) has become the flagship case study in the evolution of bitcoin treasury strategies in the corporate world.

Under the leadership of Michael Saylor, Strategy shifted from a traditional software business to a firm whose primary reserve asset is Bitcoin, pioneering a model where BTC sits at the heart of corporate balance sheet strategy.

Strategy uses capital markets to finance its BTC accumulation. Instead of hoarding cash or traditional securities, Strategy has consistently issued equity and convertible debt to fund Bitcoin purchases, aiming to maximize its “BTC per share” metric and align shareholder value with long‑term BTC appreciation.

This model has inspired other corporations like DV8 to consider adding bitcoin to their treasuries. At the time of writing, Bitcoin is trading slightly below $70,000 after flirting with $71,000 earlier this morning.