Thai Digital Bank KBTG Unveils Initial Coin Offering Platform
To capitalize on the increasing popularity in the Thai market, a Thai digital bank is planning to establish an initial coin offering site. The Kasikorn Business-Technology Group (KBTG), the holding company of premier digital bank KBank, has ordered the formation of Kubix Digital Asset, which will subsequently this year debut a complete framework for digital token offers.
Thailand is abode of flourishing cryptocurrency and blockchain industry. The Securities and Exchange Commission, the country’s securities regulator, has been in the frontline when it comes to providing direction to the sector and luring investors’ trust in the market.
According to the Bangkok Post, the SEC authorized the debut of Kubix approximately a week ago. To reduce the danger of fluctuation, KBTG aims to utilize its latest platform to transform actual items with real worth into tokens.
The company thinks that this converting facility will result in new investment forms, allowing companies to have simpler access to financing sources in the future.
It will also provide investors with more varied investment options that fit their habits, according to Ruangroj Poonpol, KBTG chairman and Kubix board chairman. The CEO also thinks that Kubix will enable customers to invest in new types of assets and generate long-term returns, saying that the eventual aim of investing is more than monetary profits.
In related story, a Croatian e-bike business has begun accepting bitcoin payments for bike sales. Greyp Bikes claims to have the world’s first completely linked e-bikes. It just revealed that customers may now buy all of its high-tech cycling goods using nine popular cryptocurrencies, such as XRP and Stellar Lumens.
Greyp has announced a partnership with PayCek, a prominent Croatian cryptocurrency payments processor, to facilitate the payments. It currently accepts Bitcoin, Bitcoin Cash, Ether, Stellar Lumens, XRP, USD Coin, Tether, DAI, and EOS as payment methods.
Kasikorn Business-Technology Group (KBTG) is preparing to enter the digital asset market through Kubix Digital Asset, an initial coin offering (ICO) portal, with an aim to become the leader in the investment development sphere. #BangkokPost #Business https://t.co/vcCPh7tIjF
— Bangkok Post (@BangkokPostNews) September 12, 2021
“Greyp was always at the cutting edge of technology in the riding industry, so this was the subsequent obvious step in the brand’s future growth,” the company said in a statement. Mate Rimac, a Croatian entrepreneur and inventor, established Greyp as an associate business to his previous enterprise, Rimac Automobiles. The latter produces electric sports vehicles and is currently owned in part by German conglomerate VW Group’s Porsche.