"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."
"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 has signed a Share Purchase Agreement to acquire Rakkar Digital, a licensed digital asset custodian in Thailand. This acquisition marks DV8's first direct entry into regulated digital asset operations. Rakkar Digital, with over $700 million in assets under custody, was established as a joint venture between SCBX and Fireblocks. The acquisition provides DV8 with a platform that meets institutional standards for custody, compliance, and security. This move aligns with DV8's strategy to back regulated businesses and transform from a media company to a builder of digital asset infrastructure.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]