TopWin Ventures into Digital Assets with Sora
Top Win International Limited, a Hong Kong-based luxury watch distributor, has announced a strategic expansion into the digital assets sector through a partnership with Sora Ventures, a prominent Web3 investment firm. As part of this initiative, TopWin plans to rebrand as "AsiaStrategy," pending shareholder approval, to reflect its new focus on digital asset-related ventures and investments, particularly within Asia's burgeoning Web3 ecosystem. The company aims to leverage Sora Ventures' expertise to implement a Bitcoin treasury strategy, positioning itself to capitalize on the rapid growth of blockchain technologies in the region.
Sora Ventures, established in 2018, has a track record of investing in over 30 Bitcoin-focused companies and has recently launched a $150 million fund dedicated to supporting public companies in Asia adopting Bitcoin treasury strategies. Notably, Sora partnered with Metaplanet in early 2024 to create Japan's first MicroStrategy peer and is currently working with UTXO Management to establish a similar entity in Hong Kong. Through this partnership, TopWin intends to manage its treasury in digital assets, primarily Bitcoin, as a hedge against inflation and to benefit from the expanding Web3 market in Asia.
In a significant leadership change, Jason Fang, founder and managing partner of Sora Ventures, will join TopWin as a board member and serve as Co-CEO alongside Tony Ngai. Fang brings extensive experience in the blockchain industry, having previously worked at Fenbushi Capital and led Sora Ventures' investments in sectors such as DeFi, GameFi, SocialFi, and NFTs. His appointment is expected to guide TopWin's transformation into a digital asset-focused company, aligning with its vision to become a leader in the digital economy by tapping into Asia's dynamic and tech-savvy markets.
