Thai Exchange to List Property-Backed Token as First Product

Thai Digital Assets Exchange will list an investment token backed by luxury condominium projects as its first product to trade on the platform.

• The token called REALX is backed by Origin Property group’s three luxury condominium projects located at the heart of Bangkok, the bourse says in statement Thursday
• REALX, issued by Real Estate Exponential Co., will begin trading from Sept. 25
• REALX sold 13.19 million digital tokens with an investment value of 2.4 billion baht through an initial coin offering to the general public during July 1 - Aug. 31 at a price of 182 baht per token
• The ...