Move aims to meld old and new assetsSET-listed XSpring Capital (XPG), formerly known as Seamico Securities Plc, is applying for licences for all digital asset businesses except a digital asset exchange with the Securities and Exchange Commission (SEC). XPG wants to become the first traditional securities firm to enter the digital business, bridging old and new financial markets. The company decided not to apply for a digital asset exchange licence because it believes the other licences are sufficient to serve customer needs. The future of XPG's business is to combine traditional securities and digital asset businesses." XPG is preparing to apply for additional licences for digital businesses, including to be a broker, dealer and for digital asset management.

Source: Bangkok Post May 26, 2021 22:07 UTC