Sora framed the new vehicle as a complement to corporate treasuries already operating in Asia, naming Japan’s Metaplanet, Hong Kong’s Moon Inc., Thailand’s DV8, and South Korea’s BitPlanet.
Thailand has become a proving ground for the model. DV8 completed a tender process with near-total warrant execution that raised approximately THB 241 million, providing liquidity to fund its treasury shift.
The new fund differs from company-level balance sheets by pooling capital to co-finance treasury programs, underwrite initial purchases, and seed additional listed vehicles where local structures make balance-sheet exposure more efficient.
Sora said the pooled format is intended to reduce execution frictions that have fragmented Asia’s institutional adoption to date, while maintaining regional nuance around custody, disclosure, and tax.
Sora’s statement places a six-month purchase window on the $1 billion target, a defined deployment schedule that, if met, would concentrate new demand into year-end and early 2026.
The firm said the fund will bring additional institutions into the network of treasury companies operating in Asia and use the pooled structure to expand into other regions as market conditions and regulation permit.
The announcement was made in Taipei, aligning with the event window listed by organizers, and advances the story from single-issuer balance sheets toward a coordinated, multi-issuer treasury platform.
Disclaimer: Sora Ventures is an investor in CryptoSlate.
