Thailand’s Brooker Group invests nearly USD50m in diversified portfolio of DeFi and dApps projects
The Brooker Group (BROOK), a financial consultancy and capital management company based in Bangkok, says it is the first publicly listed company in the world to invest in a diversified portfolio of decentralised Applications (dApps) and Decentralised finance (DeFi) tokens beginning with a USD48 million initial investment plan.
This new direction to digital assets, DeFi and dApps will eventually make up approximately 50 per cent of the company’s total assets.
The Brooker Group has identified huge growth potential in a range of decentralised projects and will begin investing in 15-plus high growth companies, including some of the biggest names in the industry: Binance, Uniswap, Enjin and Filecoin in the second quarter of this year.
“The next frontier in financial technology will be decentralised finance. We believe that legacy funds have a responsibility to their clients to invest in emerging technology or risk being left behind as the sector matures,” says Varit Bulakul, Head of Digital Asset Division and International Business Finance Advisory at The Brooker Group.
The Brooker Group will be investing in projects that are changing the financial services landscape through blockchain technology.
Its Investments are sentiment to The Brooker Group’s confidence in the disruptive digital assets market and an active step in supporting the DeFi industry to ensure that it continues to thrive and attract more users.
In addition to investments in DeFi applications, the company revealed in its Q1 report that it holds 122.3158 bitcoins on its balance sheet at an aggregate value of approximately USD6.6 million.
Despite much of the focus in the industry remaining on the US and Europe, trading activity of digital assets in Asia is equivalent to the US and Europe combined, a trend which the Brooker Group is spearheading.
Initially, Brooker Group investments will be held by centralised exchanges including Coinbase and Binance while a strategic custody provider is chosen.
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