What Dragon does

Dragon Corp is a privately held FinTech company incorporated in the British Virgin Islands as Dragon Incorporation (BVI) Ltd, operating a blockchain-based payment ecosystem positioned as a bridge between traditional finance and the entertainment industry. Founded around 2016-2017, the company raised capital through an initial coin offering that placed it among the top 10 largest ICO raises of 2016-2017 alongside projects like EOS, Telegram, Filecoin, and Tezos. Its core offerings include the Dragon Token (DRG), the Dragon Social Wallet (available on iOS and Android) supporting cross-conversion between DRG, BTC, ETH, XRP, and LTC, and the Dragon Exchange (DRGx.io), a cryptocurrency trading platform that claims 1 million transactions per second throughput and fees as low as 0.1%.

Dragon's primary revenue mechanism is transaction fees on its exchange, supplemented by value capture across the DRG token ecosystem in gaming, remittance, and entertainment payment use cases. The company targets consumers and SMBs primarily across Asia (with a stated Thailand/Phuket operational base and global online reach), with 51-100 employees. Brand visibility is driven through high-profile motorsports sponsorships with Techeetah Formula E, Hitech GP, and Team Brit, as well as Olympic athlete partnerships for Tokyo 2020 and charitable-giving integrations. Leadership comprises co-founders Chakrit (Chris) Ahmad (CEO) and Paul Moynan, with Dr. Alen Siy as CFO. The company maintains GDPR and Hong Kong PDPA compliance and has published AML/KYC policies, though no institutional investors, no disclosed revenue, and no recent funding rounds are evidenced in the available material.

Name

Dragon

Legal name

Dragon Incorporation (BVI) Ltd

Website

https://drgtoken.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Dragon Corp operates a blockchain-based payment ecosystem for the entertainment industry, offering the DRG token, a multi-currency social wallet, and a proprietary exchange (DRGx.io), targeting consumer and SMB segments in gaming, remittance, and sports entertainment across Asia.

Ownership category

akta.pro rank

Product category

Cryptocurrency & Blockchain Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Crypto Payment Gateways & Checkout APIs (FSADAIAA)

akta.pro secondary industries

Payments, Remittances & Merchant Acceptance (checkout, invoicing, payroll) (FSAPAEAE), Crypto Payments & Digital Asset Settlement for Gaming (MPAEALAL), Custodial Wallets & Hosted Accounts (exchange/fintech custody, omnibus wallets) (FSAPACAC)

Keywords

• Cryptocurrency token
• Blockchain payments
• Digital asset exchange
• Cross-border remittance
• Entertainment fintech

Headquarters

HQ city

Phuket

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Marketing or Sales, Operations, Personnel, Others

Revenue model

1. Token Transaction Fees: Dragon Exchange charges transaction fees (as low as 0.1%) for cryptocurrency trading on its platform, generating revenue from trading activity on the DRG token ecosystem
2. DRG Token: Dragon token (DRG) serves as the entertainment token powering the ecosystem, with value derived from adoption in gaming, remittance, and entertainment payment use cases

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Dragon Corp operates a blockchain-based payment ecosystem anchored by its native Dragon Token (DRG), a cryptocurrency designed for entertainment industry use cases. Consumers and partners access the ecosystem through the Dragon Social Wallet (iOS/Android) for multi-currency holding and cross-conversion, and through the Dragon Exchange (DRGx.io) for high-throughput digital currency trading. The company is extending the ecosystem with prepaid debit card and global ATM integrations to enable real-world spending of crypto holdings.

Product overview

Dragon Corp operates as a FinTech company offering a blockchain-based payment ecosystem for the entertainment industry. The core offering consists of Dragon Token (DRG), the native cryptocurrency powering the platform. Users interact with the ecosystem through the Dragon Social Wallet for storing and converting DRG with other major cryptocurrencies. Dragon Exchange (DRGx.io) provides high-throughput trading capabilities. The platform is expanding with planned prepaid credit cards and a global ATM network to enable real-world cryptocurrency spending and cash withdrawals.

Differentiator

Problem solved

Functional benefit

Brands

• Dragon Social Wallet: State-of-the-art wallet supporting holding and cross-conversion of DRG to BTC, ETH, XRP, LTC and other major digital currencies.
• Dragon Exchange (DRGx.io)
• Prepaid Dragon Credit Card
• Global Cash Machines

Products and services

• Dragon Token (DRG) Dragon's native blockchain-based cryptocurrency token designed as a payment solution for the entertainment industry, serving as the bridge between traditional finance and blockchain technology for gaming, remittance, and entertainment payment use cases.
• Dragon Social Wallet A multi-currency mobile wallet enabling individual users to hold DRG and cross-convert it with BTC, ETH, XRP, LTC, and other major digital currencies within the Dragon ecosystem. Available on iOS and Android.
• Dragon Exchange (DRGx.io) A cryptocurrency trading platform with a claimed throughput of 1 million transactions per second and trading fees as low as 0.1%, enabling fast and cost-effective digital currency trading for consumers and partners.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

• Techeetah FE (Formula E)flagshipStrategic or Co-development PartnerTecheetah FE announced Dragon as their new primary partnership, bringing blockchain innovation to motorsports. The partnership includes brand ambassador Jean-Éric Vergne who drives for Techeetah. Dragon branding appears on team vehicles and equipment during Formula E races.
• Hitech GPcoreStrategic or Co-development PartnerDragon signed a multi-year partnership with Hitech GP motorsports team, providing blockchain payment solutions and brand visibility on race vehicles.
• Team BritcoreStrategic or Co-development PartnerTeam Brit became the first motorsports team to fully integrate with a blockchain provider through partnership with Dragon, enabling blockchain payment solutions for the racing team.
• Charitable OrganizationsminorStrategic or Co-development PartnerDragon announced partnership and integration of their blockchain platform for charitable causes, enabling transparent donation tracking and management.
• Tokyo 2020 Olympic AthletesminorStrategic or Co-development PartnerDragon partnered with Olympic hopefuls to provide blockchain solution for Elite Athlete funding for the Tokyo 2020 Olympics, enabling transparent funding management for athletes.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• BitPay: BitPay is a crypto payment gateway and processor enabling merchants and consumers to send/receive Bitcoin and other cryptocurrencies. It directly parallels Dragon's exchange/wallet plus merchant-acceptance positioning, with a more established merchant footprint.
• Crypto.com: Crypto.com operates an exchange, multi-currency wallet, prepaid Visa card, and ATM network — closely mirroring Dragon's planned full-stack ecosystem (token + exchange + wallet + card + ATM) and target consumer use cases.
• Wirex: Wirex offers a multi-currency crypto wallet, in-app exchange, and Visa debit card for spending crypto at merchants. Its combined wallet-plus-card proposition is a direct analog to Dragon's Social Wallet plus planned prepaid card.
• Ripple (XRP): Ripple operates the XRP token and enterprise payment network explicitly targeting cross-border remittance and bank payment corridors — directly comparable to Dragon's DRG token and remittance market focus.
• Stellar Development Foundation: Stellar operates the XLM token and blockchain network focused on low-cost cross-border payments and remittances — overlapping Dragon's 500B+ remittance use case and multi-currency wallet positioning.
• NOWPayments: NOWPayments is a crypto payment gateway enabling merchants to accept multiple cryptocurrencies with low fees, paralleling Dragon's exchange and merchant-acceptance positioning across gaming and online commerce.
• CoinPayments: CoinPayments is a multi-crypto payment gateway supporting merchant checkout, wallet, and exchange functionality — directly comparable to Dragon Exchange plus Dragon Social Wallet for crypto-accepting merchants and consumers.

Broad incumbents

• Coinbase: Coinbase is a regulated U.S.-headquartered crypto exchange and wallet operator offering consumer trading, custody, debit card, and merchant payment services. It overlaps Dragon's exchange/wallet activities at much larger scale and broader geographic scope.
• Binance: Binance is a leading global crypto exchange with consumer wallet, card, and payments services. It competes with Dragon Exchange on trading and with Dragon's broader ecosystem on consumer crypto services, at materially larger scale.
• Circle: Circle operates USDC, a regulated stablecoin, plus consumer and enterprise crypto payment and treasury products. It competes with Dragon in crypto payments and is a broad incumbent in the digital-dollar and payment-rails space.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/dragoncoin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dragon