Sunday March 07, 2021
Bitcoin (BTC) $51,106.00   Ether (ETH) $1,670.83
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Exchanges

AlphaPoint-powered Thai crypto exchange ERX receives regulatory approval

Published by CryptoNinjas.net
07/21/2020
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 Resort in Aspen, which raised $18 million USD through a security token offering (STO) in 2018, the first of its kind to successfully tokenize a trophy real estate asset.

In Thailand, Elevated Returns’ group of companies is in a unique position given that they have successfully acquired three regulatory licenses, having worked with SEC Thailand and the Thailand Ministry of Finance to secure a primary ICO portal license, an asset management license, and a secondary market license. With these certifications, they’re legally permitted to issue real estate backed investment tokens amongst others, conduct the trading of these investment tokens, and manage funds raised from the public to trade the investment tokens on behalf of investors. It is truly an end to end Digital Assets primary issuance and secondary trading environment. ERX was the last and final approval necessary to launch to full production. The whole ecosystem is built on Tezos Proof-of-Stake blockchain.

Through its Thai ecosystem, the ER group intends to launch several real estate investment tokens as part of its effort to bring over $1 billion USD worth of assets on the blockchain.

“This last steppingstone completes the infrastructure we embarked on to build about 18 months ago. We can now concentrate our group’s effort in bringing quality deals to the Digital Assets marketplace,” said Stephane De Baets, Elevated Returns group president.

Digital Asset Exchange ERX is utilizing AlphaPoint’s secondary marketplace solution to provide liquidity for investment tokens. AlphaPoint has provided white label exchange technology for digital asset and cryptocurrency markets since 2013 to over 150 clients across over 35 countries.

“It has been a pleasure working with the ERX team to bring their vision to market,” said AlphaPoint CEO & Co-founder Igor Telyatnikov. “We strive to help our customers lead the way in pushing the industry forward and Elevated Returns is doing just that.”

Additionally, ERX will be launching the ERX Token which will provide discounted fees for market participants. AlphaPoint’s trading technology fully supports a loyalty token capability as an integrated component of the trading experience. ERX is unique among Digital Asset marketplaces for their issuance of a native utility token intended to be used for discounted trading fees. Originally issued on the Tezos blockchain, the ERX token will be providing a similar value proposition as the Binance Coin for cryptocurrency trading.

14
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: er-x.io

Related News

BITPOINT utilizes AlphaPoint technology to upgrade its crypto exchange for Latin America
Crypto Exchanges

BITPOINT utilizes AlphaPoint technology to upgrade its crypto exchange for Latin America

12/15/2020
AlphaPoint launches Yield Platform to power crypto lending, staking and rewards
Vendor Technology

AlphaPoint launches Yield Platform to power crypto lending, staking and rewards

10/30/2020
AlphaPoint gets additional $5.6M in funding to fuel product expansion for digital asset exchanges
Capital Raising

AlphaPoint gets additional $5.6M in funding to fuel product expansion for digital asset exchanges

03/05/2020
New LATAM-based crypto exchange Banexcoin now open
Crypto Exchanges

New LATAM-based crypto exchange Banexcoin now open

02/06/2020
Crypto exchange tech firm AlphaPoint now supports Tezos (XTZ)
Featured

Crypto exchange tech firm AlphaPoint now supports Tezos (XTZ)

10/28/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version