Thailand's First Digital Investment Token Approved by the SEC
Minimum Subscription Value Set at Just 10 Baht, Opening Opportunities for Investors of All Levels
Limited Supply of Only 240 Million Tokens
 
 
  • XSpring Digital has announced its readiness to launch a new product in the digital asset market, the "SiriHub Investment Token," after receiving official approval from the Securities and Exchange Commission (SEC) to offer digital tokens to the public on July 29, 2021. This marks the first Real Estate-backed ICO in Thailand under the SEC's supervision.
  • The investment potential is highlighted as a digital investment token backed by real estate, providing investor confidence through the "Siri Campus" project, which has stable and continuous revenue from Sansiri Public Company Limited, the sole tenant occupying 100% of the space with a lease contract lasting 12 years.
     
  • The "SiriHub Investment Token" aims to raise 2.4 billion baht by providing opportunities for all investor groups to invest in high-quality real estate projects valued in the billions, with a minimum subscription value of only 10 baht per token. Investors can also expect to receive a good and consistent share of income quarterly. The "SiriHub" digital tokens are offered in a limited supply of only 240 million tokens, allocated on a first-come, first-served basis based on successful payment.
     
  • Investors can choose to invest in the "SiriHub" digital tokens in two categories: SiriHub A (SiriHubA) offers a quarterly income share of 4.5% per year, while SiriHub B (SiriHubB) offers a quarterly income share of up to 8% per year and a share from asset sales at the end of the project for both categories.
     
  • Get ready!! Interested investors, both individuals and legal entities, can register and verify their identity through the "XSpring" application starting today.

 

            Bangkok, August 4, 2021 - Mr. Atthakorn Thongyai Asavanant, CEO of XSpring Digital Co., Ltd., the provider of digital token offering systems in Thailand (ICO Portal) approved by the SEC, stated, "XSpring Digital sees the potential of the ICO market in Thailand, which opens opportunities for two groups of investors: traditional capital market investors and digital asset market investors to access a new form of investment. Today, we have achieved another milestone by preparing to offer the "SiriHub" digital investment token, the first of its kind in Thailand, providing quarterly income shares of up to 4.5% and 8% per year depending on the category of digital tokens, enhancing investor confidence as it is a digital investment token backed by real estate income (Real Estate-backed ICO). This marks a new chapter in the Thai digital asset market, allowing investors of all levels to invest in high-potential real estate projects like the "Siri Campus," an office building project with continuous income for 12 years, located in the T77 project, one of the future growth areas of Bangkok."

            "The main goal of offering the SiriHub Investment Token is to provide every Thai person the opportunity to invest in high-value real estate, starting with a small investment of just 10 baht (1 token), which can be selected from two categories of digital tokens: (1) SiriHub A (SiriHubA) offering 160 million tokens valued at 1.6 billion baht (2) SiriHub B (SiriHubB) offering 80 million tokens valued at 800 million baht, totaling an offering value of 2.4 billion baht, with investor protection mechanisms in place at every step."


           "The SiriHub digital token is an investment in rental income from the Siri Campus office building group, a potential project located within the T77 community, a modern living area in the heart of On Nut, with Sansiri Public Company Limited as the sole tenant occupying 100% of the office space under a long-term lease of 12 years, paying an annual rent of 149.4 million baht. The project offering the SiriHub digital investment token has a project duration of 4 years, ensuring investors that this project will have continuous income," Mr. Atthakorn explained.


            Holders of SiriHub A will receive a quarterly income share of 4.5% per year and a share from asset sales at the end of the project amounting to no more than 1.6 billion baht, while holders of SiriHub B will receive an income share of up to 8% per year and a share from asset sales of the project at the end of the project only for amounts exceeding 1.6 billion baht. Based on the market value analysis of both land and buildings of Siri Campus by two companies approved by the SEC, it is projected that in the next 4 years, the market value of this project will be approximately 2.6 billion baht. Additionally, a report from the Thai Real Estate Research and Valuation Center summarizes the changes in land prices along the BTS On Nut station, which is nearby, indicating that in 2021, the price was 1.1 million baht per square wah, with an average annual growth rate (CAGR) of about 10% per year from 2015 to 2021, demonstrating the good potential and high growth opportunity of the project's location.
 

High-Security Investment on Blockchain Technology
          In the offering of the SiriHub digital investment token, it is supported by the Tezos blockchain technology, the most modern blockchain platform designed to support fundraising in the form of digital tokens with underlying assets, ensuring high security. Additionally, there are anti-money laundering and counter-terrorism financing (AML/CFT) checks and Know Your Customer (KYC) procedures before being allowed to enter the whitelist of qualified investors to invest in digital tokens, clawback provisions, and real-time management of token holders and token amounts (Capitalization Table or Cap Table) without disclosing the information of digital token holders to protect privacy.
 

 

Investor Protection Mechanisms from Leading Partners
            Furthermore, XSpring Digital collaborates closely with partners at every step to ensure that the structure and elements of the transactions comply with the SEC's regulations from the start until the end of the SiriHub digital investment token project, with Baker McKenzie acting as legal advisor and MFC Asset Management Public Company Limited as the trustee, along with PricewaterhouseCoopers AG of Switzerland serving as the smart contract auditor, ensuring that investors in the SiriHub digital token can be 100% confident in transparency and security.


              Interested investors can download the XSpring application on both iOS and Android to study information, open accounts, verify identities, and take preliminary knowledge tests starting today. When the subscription opens, they will be able to reserve quickly and conveniently, starting a new form of investment through the digital system available 24/7.

              "XSpring Digital has prepared to make it easy and fast for interested investors to access through the XSpring application. Interested investors can register in advance starting today to save time and streamline processes when the actual sale opens, increasing the chances of reservation as it will be offered on a first-come, first-served basis with limited availability," Mr. Atthakorn reiterated.

Those interested can follow news in the digital asset and digital token sectors at Tel. 02-038-5999, XSpring Digital Co., Ltd. website www.xspringdigital.com and Facebook https://www.facebook.com/XSpringDigital

Warning: Before making an investment decision, investors should study the information in the prospectus to understand the nature of the product, terms of returns, and associated risks.
           

The prospectus can be downloaded from the SEC website at https://market.sec.or.th/public/idisc/th/Product/Filing/IV-0000000000/XX-00000000-00000000-00000000-00000000-00000000-00000000

[1] The ratio mentioned is before related taxes and is not a guarantee of income share, as the income share may change based on revenue and operating expenses of the digital token issuer.