- TopWin shifts to crypto, partners with Sora Ventures for Asia expansion.
- The company plans rebranding to AsiaStrategy, focusing on Bitcoin holdings.
- TopWin invests in Bitcoin treasury to tap Asia’s growing market.
Top Win International Limited, a Nasdaq-listed company based in Hong Kong, has announced a major shift in its business strategy. The company, primarily recognized for its watches, is trying its hand at digital assets. Sora Ventures will help TopWin focus on investing in cryptocurrency projects in Asia. As part of this update, the company plans to change its name to AsiaStrategy, which will mark the beginning of a new era for the business.
Sora Ventures Joins TopWin in Expanding Asia’s Crypto Frontier
As blockchain and Web3 are rapidly transforming businesses all over the world, this move becomes relevant. With these technologies, people can create and move value in a safer, simpler, and more open way. Especially, digital assets such as Bitcoin are being used more often as new ways to invest. All these improvements have companies working hard to be ahead of the game.
Asia is rapidly emerging as the center point of this change. Due to the support from regulators and the people’s technological progress, the region provides a good environment for new digital technologies. For this reason, TopWin is set to start investing in digital asset projects as well as expanding beyond watches. China sees a strong chance to grow by entering Asian countries where there is still a lack of digital services.
In order to drive this new strategy, TopWin has collaborated with Sora Ventures, a major Web3 investor best known for supporting Bitcoin and blockchain development. Since its founding in 2018, Sora Ventures has worked on over 30 companies that are related to Bitcoin from across the world. Furthermore, the company worked with Metaplanet to establish Japan’s first-ever Bitcoin treasury model, modeled after what Strategy did.
Part of TopWin’s corporate treasury will be managed in Bitcoin and other digital assets with the help of this partnership. This plan helps the company by shielding it from inflation and also allows it to benefit from the fast expansion of the Web3 field. In addition, it pushes TopWin closer to its goal of holding a large amount of Bitcoin in Asia.
TopWin Names AsiaStrategy, Embraces Bitcoin Focus Like Strategy
The company is also rebranding to AsiaStrategy, much like Strategy (formerly known as MicroStrategy), a company well-known for holding the most Bitcoins held by corporations. Yet, the name change has to be accepted by the shareholders and approved in the Cayman Islands, where the company is based.
The company is changing its name to AsiaStrategy and has named Jason Fang as a board member who will serve with Tony Ngai as one of the CEOs. His background in this field is considered impressive. First, he worked at Fenbushi Capital, then he went on to found Sora Ventures in 2018. Fang has guided his firm, Sora, to invest in DeFi, NFTs, GameFi, and, more recently, in the Bitcoin space. Fang’s background in various market cycles should make it easier for TopWin to start working in crypto.
Overall, TopWin has taken a bold and smart approach by focusing on digital assets. By adopting a new name, bringing in competent leaders, and investing solely in the crypto world, the company is marking its entry into Asia’s growing Web3 market.
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