Asian Bitcoin adoption surges as Kliff Capital funds Sora Ventures' Bitcoin treasury model

Bangkok-based Kliff Capital has committed $3 million to Asia-focused blockchain investment firm Sora Ventures in a move aimed at scaling Bitcoin-centric corporate treasury models across key Asian markets.

The investment will support Sora Ventures’ ongoing efforts to expand institutional adoption of Bitcoin as a strategic reserve asset, particularly among publicly listed companies.

The collaboration intends to deepen Sora Venture’s MicroStrategy 2.0 playbook, which is modeled after Strategy’s high-profile Bitcoin plan and adapted for regional regulatory frameworks in Japan, Hong Kong, Thailand, Taiwan, and South Korea.

Sora Ventures launched a $150 million fund earlier this year designed to advance Bitcoin-based treasury management in these jurisdictions, emphasizing bespoke structures tailored to individual market forces. Sora Ventures Managing Partner Jason Fang said in a statement,

“There is immense upside to bringing the Bitcoin treasury strategy to Asia[…] With our past experience in Japan and Hong Kong, we’re excited to work with Kliff Capital on this journey and expand our playbook in Southeast Asia.”

Focus on Institutional Bitcoin Adoption

Founded in 2018, Sora Ventures has positioned itself as a leading Asia-based investor in Bitcoin infrastructure and Layer 1 applications. To date, it has over 30 portfolio companies focused on Bitcoin-related developments.

Its emphasis has consistently remained on high-conviction plays within the Bitcoin ecosystem, including the launch of specialized funds such as the $3 million Runes Liquid Fund, which targets Bitcoin-native protocols.

The firm’s strategic partnership with Tokyo Stock Exchange-listed Metaplanet highlighted the potential impact of its approach. Metaplanet integrated Bitcoin into its treasury earlier this year, resulting in a dramatic surge in stock price. That success story, based on Sora’s adaptation of the MicroStrategy model, demonstrated the market’s receptiveness to Bitcoin adoption under clearly communicated and well-structured financial strategies.

As CryptoSlate previously reported, Sora Ventures’ so-called “MicroStrategy 2.0” framework goes beyond holding BTC on balance sheets, instead introducing structured products to generate yield from Bitcoin reserves. The strategy includes regulatory-aligned tools that cater to both institutional partners and retail investors seeking exposure without custodial complexity.

Kliff Capital’s investment arrives as institutional interest in blockchain finance continues to shift from speculative ventures to structured financial applications. With more than $100 million already deployed across various asset classes, Kliff brings both capital and strategic alignment to Sora’s regional expansion plans.

Tailored Strategies for Regulatory Diversity

While Bitcoin remains a global asset, Asian jurisdictions vary widely in their regulatory posture toward digital assets. Sora’s regional strategy accounts for this fragmentation by offering tailored structures for each market.

For example, in Japan, where digital assets are regulated under the Payment Services Act, structured treasury strategies require compliance with specific custody and reporting guidelines. In contrast, markets like Thailand and Hong Kong present different sets of institutional requirements and investor protections.

By localizing its Bitcoin treasury frameworks, Sora is positioning itself as a bridge between traditional finance and blockchain-native reserve strategies. The firm has also expanded its footprint into corporate governance. As CryptoSlate reported, it recently joined the board of HK Asia Holdings alongside BTC Inc., further integrating its financial strategies with public market leadership in the region.

The partnership with Kliff also supports Sora’s continued push into financial product development, including a forthcoming Bitcoin-listed proxy product designed to mitigate custodial risk, enhance liquidity, and simplify trading mechanics for retail investors.

Kliff Capital Founding Partner Kip Tiaviwat, PhD commented,

“With their proven track record and extensive industry networks, Sora is the ideal partner to drive forward projects that will shape the future of the industry.”

Broader Implications for Bitcoin as a Corporate Asset

The deal emphasizes the broader trend in institutional digital asset adoption. While much of the industry’s early growth revolved around speculative trading and decentralized finance, the current focus is increasingly shifting toward integrating Bitcoin into structured corporate finance.

Sora Ventures’ Asia-specific approach mirrors a trend toward Bitcoin normalization within traditional capital markets, particularly through treasury management strategies that reframe the asset as a reserve hedge rather than a volatile commodity.

Per CryptoSlate, Sora’s future roadmap includes advancing decentralized science (DeSci), organizing major Bitcoin conferences in Taipei, and developing financial vehicles that enable seamless Bitcoin exposure across retail and institutional segments.

With this investment, Kliff Capital becomes a strategic contributor to that roadmap, aligning with a growing chorus of institutional actors viewing Bitcoin not merely as an asset class but as a foundation for corporate treasury modernization.

Transparency Disclaimer: Sora Ventures is an investor in CryptoSlate.