DigiAsia Corp (FAAS) Signs Indicative Termsheet for up to US$3 Million Non-Recourse Debt to Launch Bitcoin Treasury Reserve

Rhea-AI Summary

DigiAsia Corp (NASDAQ: FAAS), a leading Southeast Asian Fintech-as-a-Service platform, has signed an indicative termsheet with High West Capital Partners for up to $3 million in non-recourse debt financing to initiate its Bitcoin treasury strategy. The deal, expected to close within 45 days, represents the first step in DigiAsia's larger $100 million Bitcoin treasury reserve program announced in May 2025. The company is also pursuing a $100 million equity raise through D. Boral Capital, specifically for long-term Bitcoin holdings. The non-recourse structure enables DigiAsia to begin Bitcoin accumulation without diluting existing shareholders. The company plans to start Bitcoin purchases in Q3 2025 and will provide updates on treasury operations and custody architecture in the coming weeks.

Positive

• Non-recourse debt structure prevents shareholder dilution while enabling Bitcoin acquisition
• Initial $3M facility represents first concrete step toward larger $100M Bitcoin treasury strategy
• Strong institutional interest reported in the $100M equity raise program
• Strategic move to enhance balance sheet strength through Bitcoin reserves

Negative

• Significant debt exposure of up to $3M for speculative Bitcoin investment
• Deal closing subject to due diligence and conditions, creating execution uncertainty
• Large $100M capital raise plan may face challenges in current market conditions
• Exposure to Bitcoin's high volatility could impact financial stability

Insights

Financial Strategist

DigiAsia secures initial $3M non-recourse debt for Bitcoin treasury strategy while advancing $100M equity raise, signaling serious crypto treasury ambitions.

DigiAsia has taken its first concrete step toward implementing its previously announced Bitcoin treasury strategy by securing a termsheet for up to $3 million in non-recourse debt financing from High West Capital Partners. This financing structure is particularly noteworthy as it enables the company to begin acquiring Bitcoin without diluting existing shareholders, effectively separating this initiative from their core operations.

The non-recourse nature of this debt is significant - it limits DigiAsia's downside risk as the lender's claim is restricted primarily to the Bitcoin assets themselves rather than the company's broader balance sheet. This reflects a calculated approach to cryptocurrency exposure while protecting the core business.

This initial facility represents just the first phase of DigiAsia's ambitious $100 million Bitcoin treasury program announced last month. The company has partnered with D. Boral Capital to advance a separate $100 million equity raise specifically dedicated to long-term Bitcoin holdings. This two-pronged capital formation strategy suggests the company is pursuing institutional investors seeking regulated public market exposure to blockchain assets.

For investors tracking cryptocurrency adoption among publicly-traded companies, this represents a significant development in Southeast Asia's fintech landscape. DigiAsia appears to be following the treasury diversification playbook pioneered by companies like MicroStrategy, but with a measured, phased implementation approach that begins with non-recourse debt before potentially moving to equity-based funding.

The transaction is expected to close within 45 days, with Bitcoin purchases projected to begin in Q3 2025. The strategy reflects growing institutional interest in Bitcoin as a treasury reserve asset, particularly among fintech companies seeking to align their financial infrastructure with their technological positioning.

Initial Facility Accelerates BTC Acquisition Strategy; $100 Million Equity Raise Advancing with Strong Institutional Momentum

New York, New York--(Newsfile Corp. - June 23, 2025) - DigiAsia Corp (NASDAQ: FAAS) ("DigiAsia" or the "Company"), Southeast Asia's leading Fintech-as-a-Service (FaaS) platform, today announced the signing of an indicative termsheet with High West Capital Partners for up to US$3 million in non-recourse debt financing. The funds will support DigiAsia's initial Bitcoin (BTC) treasury acquisition and infrastructure deployment.

The transaction is expected to close within 45 days, subject to final documentation and customary due diligence and closing conditions. The non-recourse structure allows DigiAsia to commence BTC accumulation without equity dilution, marking the first execution milestone of the Company's US$100 million Bitcoin treasury strategy, originally announced on May 19, 2025.

This facility complements DigiAsia's broader capital formation plan, which includes a US$100 million equity raise exclusively earmarked for long-term BTC holdings. Together with its appointed placement agent D. Boral Capital, the Company is actively engaging institutional investors seeking exposure to blockchain-aligned treasury strategies via regulated public markets.

Key Highlights:

• Indicative termsheet signed with High West Capital Partners for up to $3 million. Closing anticipated within 45 days, subject to closing conditions
• Capital to fund initial BTC acquisition and treasury infrastructure rollout
• First execution step under DigiAsia's $100 million Bitcoin treasury reserve program
• Broader $100 million equity raise strategy progressing, targeted solely for BTC reserves

"This facility reflects disciplined execution and early momentum toward our digital asset reserve vision," said Prashant Gokarn, Co-CEO of DigiAsia Corp. "We view Bitcoin as a long-term strategic asset and are committed to building a yield-optimized, institutionally compliant treasury that enhances our balance sheet strength."

DigiAsia expects to initiate BTC purchases in Q3 2025, with further updates on treasury operations, custody architecture, and investor participation in the coming weeks.

About DigiAsia Corp (NASDAQ: FAAS)
DigiAsia Corp is a Nasdaq-listed Fintech-as-a-Service (FaaS) platform delivering digital banking, embedded finance, and crypto-compatible treasury infrastructure through its modular B2B2X API model. Operating across Southeast Asia, India, and the Middle East, DigiAsia powers real-time, AI-enhanced financial services bridging traditional and digital economies.

Forward-Looking Statements
This release includes forward-looking statements under the Private Securities Litigation Reform Act of 1995. Statements regarding capital formation, Bitcoin acquisition, regulatory approvals, and treasury strategy involve risks and uncertainties that may cause actual results to differ materially. DigiAsia assumes no obligation to update forward-looking statements except as required by law.

Contact:
Prashant Gokarn
Co-CEO, DigiAsia Corp
prashant.gokarn@digiasia.asia

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256448

FAQ

What is the size of DigiAsia's (FAAS) planned Bitcoin treasury reserve program?

DigiAsia has announced a $100 million Bitcoin treasury reserve program, starting with an initial $3 million non-recourse debt facility.

When will DigiAsia (FAAS) begin purchasing Bitcoin for its treasury?

DigiAsia plans to initiate Bitcoin purchases in Q3 2025.

How is DigiAsia (FAAS) financing its Bitcoin acquisition strategy?

DigiAsia is using a two-pronged approach: a $3 million non-recourse debt facility with High West Capital Partners and pursuing a $100 million equity raise through D. Boral Capital.

What is the timeline for DigiAsia's (FAAS) $3M debt facility closing?

The debt facility is expected to close within 45 days from June 23, 2025, subject to due diligence and closing conditions.

Who is the placement agent for DigiAsia's (FAAS) $100M equity raise?

D. Boral Capital is serving as the placement agent for DigiAsia's $100 million equity raise.