DV8Thailand Buys Into Rakkar Digital for Bitcoin Push

DV8Thailand signs a deal to acquire Rakkar Digital, marking Southeast Asia’s first Bitcoin treasury company to hold a digital asset license.

DV8Thailand has signed a Share Purchase Agreement to acquire an equity stake in Rakkar Digital. The Bangkok-listed firm made the announcement on March 24, 2026.

Rakkar Digital holds a digital asset custodian license from Thailand’s Securities and Exchange Commission. This move makes DV8 the first Bitcoin treasury company in Southeast Asia to gain access to a licensed digital asset operation.

It marks a turn in the company’s broader institutional strategy across Asia.

DV8Thailand Steps Into Licensed Digital Asset Custody

Rakkar Digital is not a new player.

The custodian reported over $700 million in assets under custody as of December 24, 2024.

It was originally set up as a joint venture between SCBX, the parent company of Siam Commercial Bank, and Fireblocks, a global digital asset infrastructure provider.

SCB 10X provided early backing through a $10 million seed investment in 2022. That institutional foundation gave Rakkar Digital a strong compliance and operational base from the start.

According to a press release, DV8 sees custody as central to any credible institutional digital asset framework. Custody demands licensing, compliance expertise, and sustained regulatory engagement.

By acquiring Rakkar Digital, DV8 gains a business already meeting those standards. The platform is trusted by various institutional clients, making it a strategic fit for DV8’s ambitions.

DV8Thailand has signed a share acquisition agreement to buy an equity stake in Rakkar Digital, becoming Southeast Asia’s first Bitcoin treasury company to obtain a digital asset license.

Rakkar Digital reported over $700 million in assets under custody as of Dec. 24, 2024. The…

— Wu Blockchain (@WuBlockchain) March 24, 2026

DV8’s Digital Asset Strategy Takes Shape

This acquisition does not stand alone.

In September 2025, DV8 made its first move under its new direction by acquiring a stake in Bitplanet, a Korean digital asset treasury platform.

The Rakkar Digital deal follows that same logic. DV8 is consistently targeting regulated, operationally sound businesses within the digital asset space.

The groundwork for this strategy started in mid-2025. In July 2025, an international investor group completed a voluntary tender offer for DV8.

That group included Sora Ventures, UTXO Management, Kliff Capital, AsiaStrategy, Moon Inc., and Mythos Group. Their involvement set the direction for DV8’s transformation into a digital asset-focused public company.

Also in July 2025, DV8 completed a warrant program that raised approximately THB 241 million, roughly $7.4 million. Those funds went toward treasury activity and infrastructure development.

Thai investor Chatchaval Jiaravanon was appointed Chairman around the same time. The board also expanded with local executives and digital asset specialists to strengthen governance.

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Leadership and Structural Changes Drive DV8 Forward

Leadership changes played a major role in DV8’s pivot.

In September 2025, Jason Fang, Founding Partner of Sora Ventures, joined as Co-Chief Executive Officer.

His appointment signaled the company’s serious intent to build within the digital asset industry. DV8 also completed a restructuring of its ownership and balance sheet in August 2025 to support long-term goals.

Each move since mid-2025 has pointed in one direction. DV8 is building an institutional-grade digital asset business across Asia.

The Rakkar Digital acquisition gives it a regulated custody platform to anchor that vision. Custody infrastructure is a critical layer, and DV8 now controls a licensed piece of it.

The deal also strengthens DV8’s standing in Thailand’s growing digital asset market. Thailand’s SEC has been active in licensing and regulating the sector.

Having a licensed custodian under its umbrella positions DV8 well as institutional interest in digital assets continues to grow across the region.