• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, May 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Thai Securities and Exchange Commission grants licence to a real estate enterprise.

by Shambhavi Soni
September 22, 2021
in Crypto, News, Trending, World
Reading Time: 2 mins read
0
credits- international investment
TwitterWhatsappLinkedin

The Thai Securities and Exchange Commission has granted a licence to an Ethereum-based real estate enterprise.

You might also like

89 Million Steam Accounts Allegedly Compromised in Massive Data Breach

iPhone 18 Pro Rumored to Feature Under-Screen Face ID, Redefining Display Design

Sony Faces Tough Choices as U.S. Tariffs Threaten PS5 Pricing and Production

Traders may invest as little as $150 in pricey real estate holdings because of the Ethereum blockchain.

Thailand’s Securities Exchange and Commission have approved an Ethereum-based asset-backed token issuing business.

credits- international investment

Fraction, a wholly-owned subsidiary of Hong Kong-based fintech firm Fraction Group, in an announcement on Thursday, spoke about it receiving the permission grant to list and trade tokens for fractional ownership of physical or digital assets.

They got the licence through the Thai Securities and Exchange Commission’s official platform for initial coin offerings, which came into existence in 2018. The licence establishes the groundwork for Fraction’s planned asset digitization and fractionalization solution, dubbed the initial fraction offering (IFO).

In Q1 2022, the company plans to offer the first IFOs for subscriptions. Focusing on property tokens in partnership with local real estate firms. Fraction is reportedly looking into an IFO for more than $460 million, according to the release.

Fraction co-founder and CEO Ekapak Nirapathpongporn explained, “Now you may lawfully own a slice of this property. Maybe 1% of it, rather than having to pay $5 million to buy the whole thing”. He noted that the minimal investment to engage in an IFO would be roughly $150.

“While many have been talking about it or attempting to accomplish it, our platform is complete. Already up and running, and ready to publish public assets”. Fraction co-founder and chief technology officer Shaun Sales said.

Due to the immature nature of the technology and regulatory ambiguity around such services, the tokenized property business has remained relatively small. According to Moore Global, a British accountancy firm, the token real estate market might reach $1.4 trillion in the next five years However, this is possible only if 0.5 percent of the global property market is tokenized.

 

Tags: Ethereuminternational investmentreal estatethaiThailandtoken issue
Tweet54SendShare15
Previous Post

Freshworks lifts its US IPO price band to $32-34 a share, aiming for $969 million IPO

Next Post

NFT marketplace provides a gasless minting feature

Shambhavi Soni

Recommended For You

89 Million Steam Accounts Allegedly Compromised in Massive Data Breach

by Harikrishnan A
May 15, 2025
0
89 Million Steam Accounts Allegedly Compromised in Massive Data Breach

Millions of Steam users are being urged to change their passwords and secure their accounts following alarming reports that personal data from 89 million user accounts is up...

Read more

iPhone 18 Pro Rumored to Feature Under-Screen Face ID, Redefining Display Design

by Anochie Esther
May 15, 2025
0
iPhone 18 Pro

As the tech world anticipates the inauguration of the iPhone 17 Pro later this year, whispers about its successorthe iPhone 18 Pro are already beginning to swirl. And...

Read more

Sony Faces Tough Choices as U.S. Tariffs Threaten PS5 Pricing and Production

by Anochie Esther
May 15, 2025
0
PS5

Sony, one of the world’s most recognized names in consumer electronics, is facing a dilemma on how to maintain its grip on the global gaming market amid rising...

Read more
Next Post
credits- leeway heardz

NFT marketplace provides a gasless minting feature

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?