The Thai listed company DV8 plans to transform into a Bitcoin financial company, investing in Decentralized Finance and next-generation digital infrastructure.

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On July 13, according to Cryptoslate, Thai listed company DV8 Public Company Limited aims to transform into a Bitcoin financial company and has appointed Thai business leader Chatchaval Jiaravanon as its new chairman. Jiaravanon is known worldwide for the 2018 acquisition of Fortune magazine and is a member of Thailand's influential Charoen Pokphand Group family. DV8 Public Company Limited plans to conduct financial practices centered around a Bitcoin treasury and invest in DeFi, corporate governance innovation, and next-generation digital infrastructure. DV8 also revealed its ambition to establish a crypto-integrated digital bank system, which is planned to support long-term financial inclusion and innovation in Southeast Asia. Jiaravanon will lead a board of directors consisting of 11 members, made up of key figures from the TradFi and Web3 ecosystems.

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