DV8 to Acquire Rakkar Digital Custodian for up to ฿100M

DV8 Public Company Limited has signed a share acquisition agreement to purchase a significant equity stake in Rakkar Digital, a Thailand Securities and Exchange Commission-licensed bitcoin custodian. The transaction includes up to 100 million Thai baht (about $3.1 million) of capital injection to meet regulatory net capital requirements.

Rakkar operates as a joint venture between SCBX (parent of Siam Commercial Bank) and Fireblocks. DV8’s planned bitcoin accumulation targets 10,000 BTC by 2028, starting with 1,000 BTC in 2026. The acquisition requires final approval from Thailand’s SEC under updated shareholder oversight rules.