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AlphaPoint blockchain technology selected to build Thailand FinTech hub “Trust City”

AlphaPoint blockchain technology selected to build Thailand FinTech hub "Trust City"
Trust City projected to become the world’s largest FinTech hub

Capital Trust Group and W Ventures (Hong Kong) have selected the AlphaPoint platform to create the blockchain financial technology infrastructure for Trust City. The AlphaPoint Distributed Ledger Platform will enable the creation of asset-backed ICO’s for potentially 20,000 wholesale factory representative clients of Trust City.

The first Trust City client to leverage the AlphaPoint platform will create an asset-backed ICO (Initial Coin Offering) in order to fund the expansion of a super luxury private airport in Thailand.

This airport will facilitate the travel of private jets enabling business people and ultra-high-net-worth individuals to visit and do business in Trust City.

“With this initiative, Capital Trust Group Limited and W Ventures (Hong Kong) Limited are leading the pack in demonstrating what can be done with blockchain technology. Blockchain technology is revolutionizing economies and commerce and the Trust City project will be an example of the future.”

Igor Telyatnikov, President and COO of AlphaPoint

Capital Trust Group Limited, a lead investor in transactions as well as a co-investor with other financial institutions, will be acting as the blockchain exchange and trustee provider for the project. W Ventures (Hong Kong) Limited, the Trust City project owner, will help with fundraising for the project and attract fintech companies to Thailand.

“We are pleased to be working with a global leader in providing blockchain technology. AlphaPoint’s technology enables us to rethink financial infrastructure and how Trust City will operate at the core and will enable our vision of creating a world-class financial tech hub.”

Peter Wasupit Wises, CEO of Capital Trust Group

The Trust City project, which has started construction, is set to be completed by 2020. The project is being built on the 197 acres of land on Bangna-Trad Road KM29 in Thailand, on the way to Suvarnabhumi Airport, and it will comprise 2.5 million square meters of exhibition space and a FinTech hub.

Fintech Tower will have 5-star hotels and 12,000 condos as well as over 30,000 parking spaces. The project is a joint venture between Hydoo International Holding Limited (HKEX Stock Code: 1396) and Mr. Sitichai Charoenkajonkul, owner of Best Ocean Golf and Best Ocean Airpark (Super Luxury Private Airport Project). The whole Trust City project is financially supported by a private equity group, W Ventures (Hong Kong) Limited.

About AlphaPoint

AlphaPoint is a technology company helping make illiquid assets liquid using enterprise-grade blockchain solutions. Institutions are able to digitize assets, launch markets, and reduce operational costs using AlphaPoint’s award-winning products. Headquartered in New York, AlphaPoint has customers across 5 continents and offices in New York, Philadelphia, and San Francisco.

Capital Trust Group Limited

Capital Trust Group Limited is a full investment bank license registered with Financial Service Providers Register of New Zealand, FSP number 147824. Capital Trust Group provides comprehensive financial advisory, brokerage, and custodian services to Ultra high net worth individuals (UHNWI) as well as institutional clients. Capital Trust Group has over US$11 billion in assets under management as of August 2017 covering >250,000 sq. km. worth of assets in oil & gas focused on upstream E&P activities.

W Ventures (Hong Kong) Limited

W Ventures (Hong Kong) represents private equity and venture capital fund managers, investment advisors and other business entities. Focusing on Fintech technology investments and wholesale city project, we were the first firm to bring foreign venture capital into Trust City Project.

Over the past two decades of management team experience, we have supported many exceptional fintech entrepreneurs who have gone on to build some of the world’s leading fintech companies. In the process, we developed an in-depth understanding of the fintech market and established close partnerships with many of today’s most influential business leading project like “Trust City”.

Source:AlphaPoint

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