The Brooker Group will invest nearly $50 million in DeFi and Dapp startups

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The publicly traded firm confirmed that it already owns bitcoin.

The Brooker Group, a publicly-traded financial consultancy headquartered in Thailand, expects to invest approximately $50 million in DeFi and dapp ventures.

According to an emailed statement released Tuesday, Brooker will invest in more than 15 high-growth firms, including Binance, Uniswap, and Filecoin.

Digital assets, DeFi, and dapps are expected to account for about half of the company’s overall assets.

Brooker Group to Invest Almost $50M in DeFi, Dapp Startups - CoinDesk

According to Variety Bulakul, head of Brooker’s digital asset division and international business finance advisory, there is a responsibility to invest in new technologies or risk being left behind as the industry matures.

The firm also owns bitcoin (BTC, -3.57 percent), with first-quarter assets of 122.315 BTC valued at around $6.6 million.

According to the announcement, Brooker’s digital assets will be kept on exchanges like Coinbase and Binance until it selects a custody provider.

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