Kingdom of Thailand to start Project with Block-Chain Crowdfunding Platform.
We welcome you to one of the Golden Radiation as according to the recent announcement Thailand’s Countrywide Inventory Exchange Launches Block-Chain Crowdfunding Platform. This is not a not a New idea but however there many successful examples who are trading through this Mainstream Platform.
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Thailand Launching Block-chain crowdfunding platform
Since it has grown an impressive growth, hence according to the estimated Reports ofCrowfunding has lifted nearby to $530 million up till now.The former Kingdom of Thailand will soon begin to work with Block-Chain Crowdfunding Platform.
Though the arrangement of Crowfunding in quite Complex. But Gig Counties around the world are desiring to have financial boost so many people together can invest in this traditional platform.This is the actual concept of the State and Platform.
In confirming to the existence news there are many more Countries listed in an American Forbes Magazine who are using Crowfunding, namely- Canada, Italy, New Zealand, Sweden, United Kingdom and many more.
And now this has been an official news in Thailand. This agreement will ease and facilitate the capital funds or start-ups and small and medium-sized enterprises –SMEs- in Thailand.
The government who are playing an important role in supporting the development of SMEs have promoted the Live Platform of Block-Chain Crowdfunding at Thailand.
Even the Stock Exchange of Thailand – SEThas officially launched with eight targeted businesses from various sectors such as mobile application, consumer products and medical equipment. This has targeted to expand over 50 Countries around the Nation/Globe
Dubbed LiVE the new Crowdfunding marketplace from the SET is built on a Block-Chain that enables start-ups and small enterprises to access funding from venture capital funds and institutional investors directly via peer-to-peer trading.
The Board of Governance – Mrs Kesera Manchusree said SET has established Live Fin Corp Co.,Ltd.to operate a Crowdfunding Platform. This is now one of the top leading Investment Banking Company.
LiVE Platform will be a key mechanism to help drive forward Thailand’s growth especially enabling start-ups and SMEs to have more financial accesses through Crowdfunding.
Businesses can utilize LiVE to promote to a wider target group while using partnership to expand customer base. In addition, this platform also offers opportunities for investors, both individual and corporate, who are qualified by the Securities and Exchange Commission regulations, to select to invest in their preferred business with growth potential,” said Mr Kesara Manchusree, President of SET.
Set –stock Exchange of Thailand is generating new Business Opportunities and live up to the hope they have built.
The National Stock Exchange of Thailand also helps to assist SME entrepreneurs.
That’s why businesses are to be entitled to join “LiVE”. The companies have to be registered in Thailand whose founders and executives hold no criminal records with financial statement audit conducted by certified auditors.
In order to raise over THB 20 million an eligible business must present a record of previous capital raising of at least THB 5 million or be endorsed by a sponsor. For fundraising of over THB 100 million, the financial statements audited by SEC-certified auditors must be presented.
There are four types of investors for this platform, consisting of 1) institutional investor, 2) venture capital, 3) corporate venture capital and 4) specific investor with annual income no less than THB 4 million or with combined assets worth no less than THB 50 million, and at least one year of investment experience.
So this is here where you can invest.