Mae Thongsuk and kubix launch MTS Gold Investment Token

MGR Online•Economy•1d ago

Reader Briefing

MTS Gold (Mae Thongsuk) and kubix successfully completed the first gold business investment token offering in Thailand.

•MTS Gold (Mae Thongsuk) issued the MTS Gold Investment Token to allow investment in the gold trading business via digital tokens.
•Investors receive a fixed return of 3% per year for a project duration of 3 years.
•At least 90% of the raised funds will be used to purchase 96.5% gold bars for inventory across 13 Mae Thongsuk Gold Shop branches in Bangkok and vicinity.
•kubix Digital Asset Co., Ltd. served as the ICO Portal provider for the offering.

•MTS Gold (Mae Thongsuk) has completed the offering of the MTS Gold Investment Token, the first of its kind for gold trading in Thailand.
•MTS Gold (Mae Thongsuk) will allocate at least 90% of the funds to purchase 96.5% gold bars as inventory for 13 Mae Thongsuk Gold Shop branches in Bangkok and vicinity.
•MTS Gold (Mae Thongsuk) will use no more than 10% of the funds as working capital for the business.
•Investors are entitled to a fixed return of 3.00% per year, paid annually, over the 3-year project term.
•A bonus payment may be provided after 3 years if the average gold selling price at project closing is higher than the average purchase price at the start.
•Nattapong Hiranyasiri stated that MTS Gold (Mae Thongsuk) has over 74 years of experience in the gold trading business.
•Assawinee Srisomboonnanon noted that the project reflects the ecosystem synergy within Orbix Group, including kubix as the ICO portal and orbix as the digital asset broker.
•kubix conducts monthly audits to ensure the issuer maintains liquid assets, such as cash and inventory, not less than the amount of funds raised.

Full article content is available on the original source.

MTS GOLD Group (Mae Thongsuk)(กลุ่มบริษัทในเครือ MTS GOLD (แม่ทองสุก))

A group of companies with over 74 years of experience in the gold trading business.

Mae Thongsuk Central Co., Ltd.(บริษัท แม่ทองสุกเซ็นทรัล จำกัด)

The issuer of the MTS Gold Investment Token.

kubix Digital Asset Co., Ltd.(บริษัท คิวบิกซ์ ดิจิทัล แอสเสท จำกัด)

The ICO Portal provider for the MTS Gold Investment Token offering.

Orbix Group(ออร์บิกซ์ กรุ๊ป)

The parent group of kubix within the financial business group of Kasikornbank.

Kasikornbank(ธนาคารกสิกรไทย)ℹ️

The bank whose financial business group includes Orbix Group.

orbix

A digital asset broker within the Orbix Group.

Mae Thongsuk Gold Shop(ห้างทองแม่ทองสุก)

The gold trading business with 13 branches in Bangkok and vicinity.

Nattapong Hiranyasiri(ณัฐพงศ์ หิรัณยศิริ)

Chief Executive Officer of Mae Thongsuk Central Co., Ltd.

Assawinee Srisomboonnanon(อัศวิณี ศรีสมบูรณานนท์)

Managing Director of kubix Digital Asset Co., Ltd.

Bangkok and vicinity(กรุงเทพและปริมณฑล)

The location of 13 Mae Thongsuk Gold Shop branches.