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Baiya International Group Signs Definitive Agreement to Acquire Starfish, Marking the First Piece of Its Web3 Strategy
Globenewswire· 2025-09-26 13:20
Core Viewpoint - Baiya International Group Inc. has announced the acquisition of STARFISH TECHNOLOGY-FZE and its platform UpTop, marking a significant step in its digital transformation strategy and Web3 roadmap [1][4]. Group 1: Acquisition Details - The acquisition involves BIYA issuing 2,320,000 newly-issued Class A ordinary shares in exchange for all of Starfish's outstanding equity, with the equity transfer expected to complete in Q4 2025 [2]. - UpTop is a decentralized liquidity protocol on BNB Chain, aimed at providing liquidity services for crypto-native digital assets, tokenized U.S. equities, and digital bonds [1][3]. Group 2: Strategic Importance - This acquisition is described as the "first puzzle piece" in BIYA's comprehensive Web3 strategy, enhancing its capabilities in the digital asset and fintech sectors [1][4]. - The strategic framework for this acquisition was initially outlined in July 2025, emphasizing BIYA's commitment to digital transformation [3]. Group 3: Leadership Commentary - The CEO of BIYA highlighted that this agreement is a significant milestone in the company's strategic transformation, aiming to create a comprehensive digital asset ecosystem and drive long-term growth [4]. Group 4: Company Background - Baiya has transitioned from a job matching service provider to a cloud-based platform offering crowdsourcing recruitment and SaaS-enabled HR solutions, positioning itself as a SaaS-enabled HR technology company [5].
Baiya International Group Inc. Positions for Global DeFi Ecosystem Expansion as Starfish’s UpTop.Meme Launches on Binance Alpha
Globenewswire· 2025-07-24 12:00
Core Insights - Baiya International Group Inc. has announced the launch of UpTop.Meme on Binance Alpha, marking a significant step in its strategic commitment to decentralized finance (DeFi) and Web3 [1][5] - The company signed a merger framework agreement with Starfish Technology-FZE to acquire all equity interests and core assets, indicating a transformation into a next-generation capital market participant [4][5] Group 1: Company Developments - The UpTop platform aims to provide on-chain liquidity infrastructure for both native crypto assets and tokenized traditional financial assets, bridging traditional and future finance [3] - The merger with Starfish includes the integration of core assets, technical IP, and the operational team, enhancing BIYA's capabilities in the DeFi space [4] - BIYA's CEO emphasized the importance of UpTop's launch on Binance as a strategic milestone for transitioning into digital capital markets [5] Group 2: Industry Context - By joining Binance Alpha, UpTop gains visibility among elite crypto-native users and becomes a key project within the Binance ecosystem [2] - UpTop is rolling out an airdrop campaign and a global trading competition to incentivize user participation and enhance platform liquidity [2] - The platform supports token trading of equities, treasuries, and more, creating a permissionless global liquidity foundation [3]
Baiya International Group Inc. Announces Strategic Acquisition to Accelerate Web3 Transformation
Globenewswire· 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]