The Stock Exchange of Thailand (SET) will establish block chain crowd funding platform in the country. It confer live this new crowd funding will allow new starters and small companies to access for their funding from capital funds undertakings and corporate investors can directly join peer-to-peer trading in marketplace of SET block chain.
SET announced those eight companies both public and private companies have already joined the platform at launch with another 50 more companies to join the block chain crowd funding platform. When SET unvalued their goals over block chain to operate marketplace with no restriction on trading units gave a conclusion of the launched plan that began in March 2017.
The small companies and starters restrict their current device trading units of 100. About 600 companies had registered themselves with stock exchange operators with showing an interest to invest their business through block chain technology all though it is safe and secure for investment.
The Thailand’s deputy minister Somkid Jatusripitak is persuading SET to create a new start up to access financing and marketplace to adopt a block chain technology for small Entrepreneurs to, the SET will not allow startups to list on the national stock exchange until they are new business entrepreneur
An extract that was announced by SET was “LiVE” platform has been developed with the use of block chain technology as an infrastructure for participating businesses to expand and get connected with future alliances.”
For joining the block chain platform the companies need to be registered in Thailand and should be eligible as an institutional investor, a venture capital investor, a corporate venture capital investor, or a specific investor with an annual income of over THB 4 million ($125,000), or combined assets worth over THB 50 million ($1.5 million).
SET President Kesara Manchusree said:
“LiVE” platform will be a key mechanism to help drive forward Thailand’s growth especially enabling startups and SMEs to have more financial accesses through crowd funding. Businesses can utilize LiVE to promote to a wider target group while using partnership to expand customer base.