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Friday, March 29, 2024

XSpring Digital rakes in B2.4bn from SIRIHUB

XSpring 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.

The ICO of SIRIHUB was accessible to all kinds of investors, from retail to ultra-high-net-worth investors, with a minimum investment of as little as 10 baht.

XSpring Digital is scheduled to announce the allocation results of the digital tokens soon after the subscription period, which ended on Oct…

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