XSpring Digital rakes in B2.4bn from SIRIHUBXSpring Digital Co has raised 2.4 billion baht from selling a total of 240 million Siri Hub Investment Digital Tokens (SIRIHUB), the country's first real estate-backed token, with over 6,000 subscriptions. SIRIHUB will be listed on ERX, the digital asset exchange on Oct 12. The offering of SIRIHUB was Thailand's first initial coin offering (ICO) of real estate-backed tokens under the Emergency Decree on the Digital Asset Businesses and the supervision of the Securities and Exchange Commission, according to Att Thongyai Asavanund, chief executive of XSpring Digital. XSpring Digital is scheduled to announce the allocation results of the digital tokens soon after the subscription period, which ended on Oct 4. It has applied for the licences for a digital asset broker and dealer that will allow XSpring Digital to provide a one-stop service to meet the growing demand from many businesses interested in raising funds via tokenisation.

Source: Bangkok Post October 06, 2021 23:48 UTC