Below is the ownership picture at a glance:
| Layer | Key People / Entities | What they control |
| Top-level legal entity | BYEX Technology Ltd – incorporated in Canada (Corp. No 15357381) | Owns the BYEX brand, trading platform, apps and the Cambodian exchange license. |
| Registered directors (legal owners on record) | • Farsad Kiani – Vancouver-based tech entrepreneur• Ratanak Mao – Cambodian national | As the only two directors of the Canadian parent they are, by default, the controlling shareholders unless other agreements exist. |
| Seed-round investors (minority stakes) | M.Chain Capital, Ant Capital, Tianhong Capital, PFC Fund | Participated in BYEX’s seed funding round; provide capital and advisory clout but do not hold majority control. |
| Cambodian operating arm (BYEX KH) | • Koh Hao Jie (CEO)• Kimhong Hor (GM) | Run day-to-day exchange operations in Phnom Penh. They are senior executives rather than majority shareholders. |
What this means in plain English
- Ultimate ownership sits with the two directors on the corporate registry—Farsad Kiani and Ratanak Mao—plus any silent partners they may represent. Because BYEX Technology Ltd is non-distributing (private) it is not required to publish its exact cap-table, so precise percentages aren’t public.
- Investors own slices, not the steering wheel. The VC names you see associated with BYEX supplied seed capital and hold minority stakes; they typically get advisory seats, not outright control.
- Local leadership ≠ ownership. The Cambodian CEO/GM team steers operations and brand building on the ground, but equity remains with the parent company and its directors/shareholders.
- Regulated but private. BYEX’s SERC-sandbox exchange license in Cambodia recognises BYEX Technology Ltd as the controlling entity, so any future share transfers or new investors must be cleared at the parent level.
In short, think of BYEX as a privately-held, founder-led crypto exchange backed by a small circle of venture investors, with its Cambodian branch run by a local management team. If you need deeper details—like exact share percentages or any upcoming fundraising—those would only surface if BYEX files public disclosures (e.g., for a larger funding round) or voluntarily releases them. Until then, the duo of directors remain the officially documented owners. 🚀