AirNet Appoints Vikram Seth as Fractional CIO for Web3 and Cryptocurrency Expansion

AirNet Technology appoints Vikram Seth as its new Fractional Chief Investment Officer, leading the company's strategic expansion into Web3 and cryptocurrency sectors. Seth brings experience in blockchain technologies and decentralized finance, and will oversee investment advisory services, digital asset treasury management, and DeFi strategies. The appointment indicates AirNet's commitment to integrating emerging digital technologies, positioning the company for a transformation towards blockchain-centric operations.

AirNet Technology Inc. (NASDAQ: ANTE) has appointed Vikram Seth as its new Fractional Chief Investment Officer, signaling the company's strategic expansion into the Web3 and cryptocurrency sectors. Seth brings extensive experience in blockchain technologies and decentralized finance (DeFi), positioning AirNet for a transformation towards blockchain-centric operations.

Seth, who founded V38 in January 2024, will oversee investment advisory services, digital asset treasury management, and DeFi strategies at AirNet. Prior to this appointment, he served as Head of Web3 Innovation at Shell plc (LSE: SHEL) from July 2023 to June 2025, where he developed enterprise-grade applications on public blockchains. His tenure at Shell saw the successful launch of projects such as the sustainable aviation fuel platform Avelia and the supply-chain solution Falcon on Polygon [1].

"Vikram’s proven ability to deliver real-world blockchain solutions is a perfect fit for our vision," said Dan Shao, Chief Executive Officer of AirNet, in the company statement. The appointment comes as AirNet continues its transformation towards Web3 and cryptocurrency initiatives, with Seth leveraging his experience in connecting institutional finance with decentralized economy principles.

In other recent news, AirNet Technology Inc. has announced the appointment of Professor Yu Xiong as Chief Research and Innovation Advisor to lead the company’s shift towards Web3 and cryptocurrency initiatives. Professor Xiong will provide strategic guidance to AirNet’s board and senior leadership, focusing on the digital asset landscape and fostering innovation pipeline development [2].

AirNet Technology has also regained compliance with Nasdaq’s minimum bid price requirement. The company received formal notification from Nasdaq on July 24, 2025, confirming that its ordinary shares maintained a closing bid price of $1.00 or higher for ten consecutive business days. However, AirNet has been notified by the Nasdaq Listing Qualifications Staff about its failure to meet the minimum stockholders’ equity requirement. The company reported stockholders’ equity below the necessary $2.5 million threshold in its annual report for the year ending December 31, 2024. AirNet must submit a compliance plan by June 27, 2025, to address this issue, with the possibility of receiving an extension of up to 180 days if the plan is accepted [3].

References:
[1] https://ca.investing.com/news/company-news/airnet-technology-appoints-vikram-seth-as-fractional-cio-93CH-4159069
[2] https://www.marketscreener.com/news/airnet-technology-inc-appoints-vikram-seth-as-fractional-chief-investment-officer-ce7c51d9db8ef226
[3] https://www.ainvest.com/news/safety-shot-allocates-35m-25m-bonk-stake-defi-push-2508/