More

    SE Digital Gets Greenlit from Thailand SEC to Launch Its ICO Portal as Country's First Token Offering

    SE Digital, a subsidiary of Thailand's leading financial service provider Seamico Securities Plc (ZMICO), has received the approval of the SEC to operate as Thailand's first Initial Coin Offering (ICO) Portal, reported Bangkok Times

    As an approved operator of ICO portal, the first ICO launch will be in the form of the country's first investment token as well. The ICO target cap for the investment token has been estimated between 2 billion baht to 3 billion baht ($65.8 million to 98.7 million).

    The firm is planning to become a one-stop financial solution for digital currencies. It plans to provide a number of services along with it including strategic support, access to secondary markets, total management support for a token from issuance and compliance to investor communication. Jesadavat Priebjrivat, Chief Executive Officer of SE Digital said,

    “We are glad to have obtained an approval to operate as the official ICO Portal and are excited to turn a new page on Thailand’s capital market history as the country will become one of the first nations in ASEAN to offer regulated digital token offerings.

    Having obtained an approval from the SEC, SE Digital will be able to promote the tokenization of traditional assets providing investors with access to previously illiquid and difficult to access assets such as commercial real estate and investment products with global exposure, while offering issuers with a new fundraising alternative that allows access to a wider pool of capital providers with cost savings accrued from the digitization on the blockchain.”

    SE Digital Aiming to Create An Ecosystem of Regulated Digital Currency Market in Thailand.

    SE Digital with its ICO portal and country's first investment token is planning to create an ecosystem of the regulated digital currency market. In order to provide secondary market exposure to the ICOs launching through its portal, the firm is also looking forward to launching an exchange by next year.

    Elevated Returns, the strategic investor of ZMICO has applied for a Digital Asset Exchange License before the SEC. The exchange would be known as ERX company limited and they plan to launch it by early next year.

    The ICO portal and investment token will be available for retail investors, institutional investors, venture capital and private equity funds. This would open the gates for new investment opportunities for many in Thailand which were earlier unexplored. Stephen Ng, Chief Marketing Officer of SE Digital said,

    “Thailand already has a strong foundation for digital transformation, such as its positioning as a regional financial hub, a growing and vibrant start-up community, and a progressive regulatory regime that promotes digital innovation. We look forward to contributing to this journey. Combining our partners’ global expertise with our local know-hows and a large customer base, we are well-positioned to become the leader in asset tokenisation, democratising financing for and access to traditional assets. We aim to work closely with our partners to launch investment tokens and we are excited to bring the concept of digital capital market to actual implementation.”

    SE Digital promised seamless and efficient ways to conduct KYC, AML and investor suitability for compliance needs.

    The firm is also planning to conduct several educational seminars for Thai investors and other market players who are new to the digital currency space.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    James W
    James is a cryptocurrency enthusiast, an advocate for the development and exposure of blockchain technology, and believes in the use of digital assets for the good of the society. Enthralled by the huge potential of cryptocurrencies and their underlying technology – blockchain – James dedicated himself to learn more about the industry, becoming a highly sought-after writer in the sector. He covers news, white papers and any content related to cryptocurrency and blockchain in general.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,262FansLike
    2,712FollowersFollow
    4,095FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Venezuela Pres. Maduro Still Trying to Promote Petro With International Crypto Casino Launch

    Nicolas Maduro has at long last authorized the opening of an International Casino in a luxurious Hotel, in the city of Caracas. The casino...

    Despite Swiss Regulators Saying Libra ‘Has Failed' They Might Still Be Open To Its Launch

    The Swiss government is spooked by concerns on the sustainability of FaceBook's Libra as a global currency. This adds to regulatory concerns raised by...

    Ripple, Coinbase Invested Bitso Is Hiring A Country Manager For Its Brazil Expansion

    The Mexican crypto exchange is hiring for its expansion into the Brazilian market The new position has to “create, iterate and scale crypto-powered...

    Reserve Bank of India: Crypto's Not Banned, But Ringfenced Regulated Entities Due to Risks

    In response to a petition filed by the IAMAI over RBI’s decision to not allow regulated entities like banks to deal in cryptos,...

    Crypto Bulls Definitely on Parade, Bitcoin Is Attracting ‘Very Substantial Buying Power'

    After 2019’s choppy recovery, the crypto market is now “launching what could be a far more sustainable bull market” Mid-cap cryptos showing more...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.