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Thailand’s XSpring Capital raises $225M to build integrated financial marketplace

Thai companies and millionaires have funded the firm which aims to bridge traditional and digital finance. Investment management company XSpring Capital has secured a large funding round with partners in Thailand to accelerate the development of its financial marketplace that combines traditional and digital asset products.It also hopes to bring an expanded platform to the United States.According to an announcement, the $225 million has been raised through a partnership with Thai real estate firm Sansiri, local insurance company Viryah, and Thai private investor and multi-millionaire Mongkol Prakitchaiwattana.Formerly known as Seamico Securities, XSpring Capital (not to be confused with Ripple’s Xpring…

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tZERO Reveals Support for Aspen Hotel Digital Currency

tZERO, a self-described “leader in financial innovation and liquidity for private companies,” has revealed that what they call secondary trading is now available for the St. Regis Aspen digital security, according to a press release from the group. This, of course, is available on the tZERO ATS platform, making it the first third-party security available there. That, and this is “the first digital security trading on a regulated platform that utilizes the Tezos Blockchain,” the release also states. As of now, these assets represent around 19% of ownership within the resort based in Aspen Colorado. Speaking on the matter is…

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AlphaPoint-powered Thai crypto exchange ERX receives regulatory approval

ERX today announced that it has been granted a Digital Assets exchange license by the Thai SEC for operation in Thailand. Built using AlphaPoint’s white label Digital Asset Exchange software, ERX’s trading platform launch represents a milestone in Thailand’s blockchain and cryptocurrency landscape, as ERX Digital Assets exchange comes online with full-regulatory approval by state governing bodies. Other exchanges in Thailand have been so far purely dedicated to cryptocurrency trading. ERX differentiates itself by only allowing non-bearer instruments to trade on it. ERX’s parent company Elevated Returns is a digital asset management company best known for its tokenization of the St. Regis…

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