XPG to expand into cryptocurrency and digital token services, after XSpring Digital receives “License Activation” approval to move forward into the digital asset broker and dealer business in Q2

Email [pro_ad_display_adzone id="915574"]

XSpring Capital Public Company Limited (XPG) announces its ground-breaking inauguration to commence comprehensive services in the digital asset market.

The phenomenal proclamation concerns its subsidiary XSpring Digital Co., Ltd., a digital token trading platform provider, having received “License Activation” from the Securities and Exchange Commission, Thailand (SEC) on 18 February 2022, which grants the company official status as a digital asset broker and dealer. XSpring Digital is fully committed to this latest undertaking in the digital asset market, asserting 3 strengths for Thai investors as Thailand’s first One-Stop Service provider, in partnership with large capital funds to offer global liquidity and better investment opportunities. The company sets the target to gain one-third of Thailand’s digital asset market share, which will in turn become the main source of revenue for XPG Group.

Ms. Varangkana Artkarasatapon, President of XSpring Capital Public Company Limited, revealed, “XPG sees potential and opportunities in the digital asset market, which is one of the most popular asset classes among both short-term and long-term investors. The company is constantly seeking new opportunities for all kinds of investment for investors through accessible platforms. Last year, XSpring Digital, which oversees the digital asset business, made a great success as Thailand’s first digital token system provider and ICO portal approved by the SEC with ‘SiriHub Token’, Thailand’s first real estate-backed ICO with 2.4-billion-baht worth of fundraising. In addition, XSpring Digital is among a few Thai digital asset service providers which have received 4 licenses from the Ministry of Finance, namely cryptocurrency broker, digital token brokerage, cryptocurrency dealer, and digital token dealer. Today, XSpring Digital has reached the next stage, having officially obtained ‘License Activation’ from the SEC. Now, the company can conduct these 4 businesses with a platform that supports all ranges of investors in a legal and more comprehensive manner, and is ready to become ’Thailand’s first digital financial and investment One-Stop Service provider’.”

XSpring Digital highlights 3 competitive strengths, as follows:

  • Partnership: XSpring Digital has fostered collaborations with many partners from various businesses to enhance the all-inclusive financial ecosystem and offer superior benefits for all investors.
  • Global Liquidity: XSpring Digital connects local investors to the global digital asset market through Coinbase, a global online platform for buying and selling digital currencies. The collaboration will enable investors to trade in high liquidity and high volume at global prices, which will truly unlock boundless offshore opportunities for local investors.
  • Convergent Digital Asset Trading Platform: XSpring Digital offers a world-class digital asset trading platform that is easy to use and secure with a KYC system, allowing a convenient but highly secured account opening approval. In addition, investors can make a transaction in Thai baht without currency exchange. Investors can trade on both XSpring Digital’s website and XSpring application 24 hours a day.

“XSpring Digital takes great pride to become Thailand’s first comprehensive digital financial and investment One-Stop Service provider where investors can trade both cryptocurrencies and digital tokens in the same platform, supporting both primary and secondary markets with seamless domestic and foreign exchanges. The company targets one-third of the market share and remains committed to our strength of the all-inclusive financial ecosystem to maximize the development of Thai digital asset market and expand it to regional and global levels. Moreover, the company will further expand into other high-potential products in the future. We believe XSpring Digital will become a core business that contributes a large amount of revenue to XPG Group by 2022,” concluded Ms. Varangkana.

XSpring Digital expects ready to launch the digital asset trading platform in the second quarter of this year through XSpring Digital website and XSpring application supporting both Android and iOS operating systems.

[pro_ad_display_adzone id="915575"]