Thai listed company DV8 plans to reshape itself as a Bitcoin finance company, investing in DeFi and next-generation digital infrastructure

On July 13th, according to Cryptoslate, Thai listed company DV8 Public Company Limited hopes to reshape itself into a Bitcoin finance company and has appointed Thai business leader Chatchaval Jiaravanon as its new chairman. Jiaravanon is renowned for his acquisition of Fortune magazine in 2018 and is a member of the influential Charoen Pokphand Group family in Thailand. DV8 Public Company Limited plans to conduct financial practices centered around Bitcoin treasury and invest in DeFi, corporate governance innovation, and next-generation digital infrastructure. DV8 also revealed its ambition to establish an encrypted integrated digital banking system, which plans to support long-term financial inclusion and innovation in Southeast Asia. Jiaravanon will lead a board of directors consisting of 11 key figures from traditional finance and the Web3 ecosystem.