InnovestX Drives Digital Asset Ecosystem, Join Forces with Token X
Thailand’s First Condominium-Backed Digital Token Investment Innovation
InnovestX Securities Co., Ltd., the financial and investment flagship of SCBX group, continues to execute its “Future of Finance Reimagined” corporate strategy, driving innovation in the realms of total finance, investment, and digital assets. InnovestX is joining forces with Token X Co., Ltd., a leading initial coin offering (ICO) portal service provider. Both subsidiaries of the SCBX group have secured licenses from the SEC to operate businesses offering digital asset services; cryptocurrency and token Digital. Together, they are driving the development of end-to-end digital token ecosystems for companies and have recently propelled RealX, Thailand’s first condominium-backed investment token for three prime Park Origin locations, namely, Phrom Phong, Phayathai, and Thonglor. This collaboration aims to offer potential investment alternatives that prioritize safety, security, and financial inclusion, making investment opportunities accessible to all Thai investors.
InnovestX’s Chief Executive Officer, Dr. Arak Sutivong said, “InnovestX is committed to developing infrastructure and laying a foundation for future of finance and investment. InnovestX is fully prepared to embark on a comprehensive digital asset ecosystem business, paving the way for a transformative financial landscape. Through a strategic collaboration with Token X, a subsidiary of the SCBX group,we have synergized our technology strength and business expertise to develop a new fundraising option for businesses. By leveraging blockchain technology and tokenization, we fractionalize physical assets into investment subunits as tokens, creating an opportunity for investors, regardless of their
financial capacity, to access and own high-value assets such as real estate. RealX, Thailand’s first condominium-backed investment token, serves as an inclusive investment option, offering equal accessibility to Thai investors. In the near future, investors will have the ability to trade RealX digital tokens on the InnovestX app as a secondary market, further enhancing liquidity.”
Token X’s Chief Executive Officer, Ms. Jittinun Chatsiharach stated, “RealX presents investment tokens that are backed by Park Origin condominium projects at three prime locations: Park Origin Phrom Phong, Park Origin Phayathai, and Park Origin Thonglor. The initial offering price is set at just 182 baht/token (a token is equal to one square inch of space). The total allocation amounts to 19 million tokens, valued up to 3.5 billion baht. For the first 5 years, net income is guaranteed at around 4-5%. From years 6-10, returns will be derived from the sale of condominium units and rental income.” Ms. Jittinun Chatsiharach further highlighted that “RealX has obtained approval by the Securities and Exchange Commission and is already in effect. The initial offering for the ICO will take place from July 1, 2023, at 9:00 AM until July 31, 2023, at 3:30 PM through the Token X app. The Token X app serves as a comprehensive digital token investment platform, functioning as an all-in-one ICO portal system with facilitates
