DV8 Public Firm Restricted, a publicly listed agency in Thailand trying to reinvent itself as a Bitcoin Treasury agency, has appointed Thai enterprise magnate Chatchaval Jiaravanon as its new Chairman, in response to a July 11 assertion shared with CryptoSlate.
Jiaravanon, greatest identified internationally for buying Fortune Journal in 2018, is a part of Thailand’s influential Charoen Pokphand Group household.
DV8’s management change
His appointment comes amid a broader management revamp at DV8 to align the corporate with rising crypto-native monetary fashions.
Below his steerage, the agency plans to undertake Bitcoin-centric treasury practices and spend money on DeFi, company governance innovation, and next-generation digital infrastructure.
DV8 additionally revealed ambitions to construct a crypto-integrated digital banking system that helps long-term monetary inclusion and innovation throughout Southeast Asia.
In the meantime, Jiaravanon will lead an 11-member board comprising key figures from conventional finance and the Web3 ecosystem.
The brand new board members embrace Vichate Tantiwanich, Natavudh Pungcharoenpong, John Riggins, Samuel Coyn Mateer, Henry Elder, and Jason Fang. The group combines deep native enterprise data with worldwide expertise in crypto asset administration and blockchain improvement.
This management overhaul positions DV8 to change into a serious participant in digital asset technique and crypto-financial infrastructure.
Notably, Jiaravanon brings related expertise by way of his blockchain startup Lightnet, which launched in 2020 to make use of distributed ledger expertise to supply low-cost remittance companies for underbanked migrant communities in Southeast Asia.
In the meantime, the management adjustments observe DV8’s current acquisition by a strategic consortium that features a number of distinguished crypto funding teams. The traders embrace UTXO Administration, Sora Ventures, Kliff Capital, Moon Inc., AsiaStrategy, and Mythos Group.
Notably, all of the traders concerned within the deal have agreed to a 12-month lock-up interval. Market observers have described this transfer as a robust vote of confidence in DV8’s new path and the broader Thai crypto market.
Fang, founding father of Sora Ventures, expressed pleasure about Thailand’s potential within the crypto and DeFi area, stating:
“Thailand at one level had the 4th largest DeFi customers on the earth. It’s a hidden gem, and now we’ll unlock it collectively.”
