Thailand's first real estate-backed tokens, Siri Hub Investment Digital Tokens (SIRIHUB), have raised 2.2 billion baht through a 90% sale of overall tokens within the first week of the public initial coin offering (ICO). The debut of Siri Hub Investment Digital Tokens was warmly received by investors, with 90% of overall tokens subscribed within the first week. Att Thongyai Asavanund, chief executive of XSpring Digital, said SIRIHUB tokens broke the limits of all other traditional investments. They comprise 160 million tokens worth 1.6 billion baht for the first tranche and 80 million tokens worth 800 million for the latter. Holders of SIRIHUB-A receive a quarterly revenue share of 4.5%, while SIRIHUB-B holders receive a return of 8% per year.

Source: Bangkok Post October 02, 2021 00:22 UTC