Brooker Group to Invest Almost $50M in DeFi, Dapp Startups

The Brooker Group, a publicly listed financial consultancy based in Thailand, plans to invest nearly $50 million in decentralized finance (DeFi) and decentralized application (dapp) projects.

STORY CONTINUES BELOW

Recommended for you:

Brooker will invest in more than 15 high-growth companies including Binance, Uniswap and Filecoin, according to an emailed statement Tuesday.
The company plans for digital assets, DeFi and dapps to make up around 50% of total assets.
Varit Bulakul, head of Brooker's digital-asset division and international business finance advisory, said there is a responsibility to invest emerging technologies “or risk being left behind as the sector matures.”
The company also holds bitcoin, reporting first-quarter holdings of 122.315 BTC at an aggregate value of around $6.6 million.
Brooker's digital assets will be held at exchanges such as Coinbase and Binance until it chooses a custody provider, according to the announcement.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.