BIYA to Acquire Starfish, Marking Entry into Web3 New Era

Baiya International Group has acquired Dubai-based Starfish Technology for $15 million in profit, marking its transformation into a Web3 company. Starfish's UpTop.Meme platform provides decentralized liquidity for crypto assets and tokenized stocks. Baiya will integrate Starfish's team and technology to enhance the platform's capabilities. The acquisition positions Baiya as a pioneer in digital assets and a bridge between traditional finance and the decentralized economy.

Shenzhen, China, July 2, 2025 - Baiya International Group Inc. ("BIYA" or the "Company") has announced a strategic acquisition of Dubai-headquartered technology company STARFISH TECHNOLOGY-FZE ("Starfish"), marking a significant shift in the company's focus towards the Web3 era. The acquisition, which includes the decentralized liquidity protocol platform UpTop.Meme, is expected to contribute an estimated $15 million in additional profit [1].

Under the terms of the agreement, BIYA will acquire all equity interests and core assets of Starfish, including the UpTop.Meme platform, a decentralized liquidity protocol built on BNB Chain. The platform is designed to provide on-chain liquidity services for crypto-native digital assets as well as tokenized U.S. stocks and treasuries. UpTop.Meme has demonstrated strong market traction, with a recent presale generating $1.5 million in just six minutes, attracting over 100,000 unique wallet addresses and generating $11 million in oversubscription [1].

The acquisition will see BIYA integrate Starfish's technical and operational team to enhance the platform's technological strength and global operating capacity. This move positions BIYA as a pioneer in digital assets and a bridge between traditional finance and the decentralized economy [1].

Ms. Siyu Yang, Chief Executive Officer of BIYA, commented on the acquisition: "This agreement represents a pivotal milestone in BIYA’s development and a strategic leap toward embracing the future of blockchain and financial asset tokenization. We believe this acquisition positions BIYA as a pioneer in digital assets within the U.S. public markets and lays a strong foundation for bridging traditional finance with the decentralized economy. Through deep integration with UpTop, BIYA will build a forward-looking digital asset ecosystem, accelerating our full-scale transformation into Web3, achieving mutual empowerment, and opening a new chapter in capital digitalization" [1].

The acquisition is subject to due diligence completion, and detailed transaction terms and financing arrangements will be announced later. An exclusivity period has been established between the two parties for continued negotiations and near-term integration planning [1].

BIYA's acquisition of Starfish marks a complete pivot from HR tech to Web3, indicating a fundamental business model shift rather than a complementary expansion. This move signals management's intention to completely reorient the company toward blockchain and digital asset infrastructure, presenting both higher growth potential and significantly greater regulatory and market risks [2].

References:
[1] https://www.globenewswire.com/news-release/2025/07/18/3117923/0/en/Baiya-International-Group-Inc-Announces-Strategic-Acquisition-to-Accelerate-Web3-Transformation.html
[2] https://www.stocktitan.net/news/BIYA/baiya-international-group-inc-announces-strategic-acquisition-to-nur84awfgnc7.html