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Baiya International Aims to Acquire UpTop.Meme Platform's Parent Company Starfish, Ushering in the "Web3 New Era"
BlockBeats News, July 18th, Baiya International Group Limited (hereinafter referred to as "Baiya" or the "Company") (NASDAQ: BIYA) is an HR technology company that utilizes a cloud platform to provide a one-stop crowdsourcing recruitment and SaaS-empowered HR solution. Today announced that it has signed a strategic merger framework agreement with Dubai-based technology company STARFISH TECHNOLOGY-FZE (hereinafter referred to as "Starfish"). Under the agreement, Baiya intends to acquire all the equity and core assets of Starfish. This transaction marks Baiya's comprehensive transformation into a digital asset and financial technology company, formally entering the "Web3 New Era" of the global capital market.
This proposed acquisition includes Starfish's UpTop.Meme platform (hereinafter referred to as "UpTop"), which is a decentralized liquidity protocol built on the BNB chain. Baiya will acquire all related intellectual property and operational rights of the platform, including the decentralized protocol, technical intellectual property, and the complete technical and operational team. Baiya also plans to integrate its core team to further enhance the platform's technical capabilities and global operational capabilities. The company expects this merger to bring approximately $15 million in additional profits.
UpTop.Meme is a decentralized liquidity protocol platform built on the BNB chain, designed to provide on-chain liquidity services for crypto-native digital assets and tokenized US stocks and treasuries. The platform aims to become the world's largest decentralized liquidity infrastructure.
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