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Baiya International Group Inc. Announces Strategic Acquisition to Accelerate Web3 Transformation
Globenewswireยท 2025-07-18 13:00
Core Viewpoint - Baiya International Group Inc. has signed a strategic merger framework agreement to acquire Starfish Technology-FZE, marking its transformation into digital assets and financial technology, entering the "Web3 New Era" of global capital markets [1][6] Group 1: Acquisition Details - The acquisition includes Starfish's UpTop.Meme platform, a decentralized liquidity protocol on BNB Chain, along with all associated intellectual property and operational rights [2][3] - The merger is expected to contribute an estimated $15 million in additional profit to Baiya [2] Group 2: UpTop.Meme Platform - UpTop.Meme is designed to provide on-chain liquidity services for crypto-native digital assets and tokenized U.S. stocks and treasuries, aiming to become the world's largest decentralized liquidity infrastructure [3] - The platform recently completed a successful presale allocation of $1.5 million within six minutes, attracting over 100,000 unique wallet addresses and an oversubscription exceeding $11 million [4] Group 3: Strategic Importance - The agreement is viewed as a pivotal milestone for Baiya, positioning the company as a pioneer in digital assets within U.S. public markets and bridging traditional finance with the decentralized economy [6] - Baiya plans to integrate its core team with UpTop to enhance technological strength and global operational capacity [2][6]