Join Our Mailing List
Thursday February 02, 2023
Bitcoin (BTC) $24,118.46   Ethereum (ETH) $1,685.33
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
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.

55
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: er-x.io

Related News

Crypto software firm AlphaPoint joins Bermuda Monetary Authority Innovation Hub

11/03/2021
Crypto software firm AlphaPoint joins Bermuda Monetary Authority Innovation Hub

AlphaPoint, a white label software company powering crypto exchanges, has announced its membership in the Bermuda Monetary Authority (BMA) Innovation Hub, an innovation track formed by the BMA. Participation in the Innovation Hub will...

Read more

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

12/15/2020
BITPOINT utilizes AlphaPoint technology to upgrade its crypto exchange for Latin America

Today it was announced that Latin American-based crypto exchange BITPOINT will be using AlphaPoint technology for its upgraded exchange platform. The new platform is now live and offering on-ramp and off-ramp capabilities to the...

Read more

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

10/30/2020
AlphaPoint launches Yield Platform to power crypto lending, staking and rewards

Digital asset software company AlphaPoint today announced the launch of the AlphaPoint Yield Platform available for use by marketplace and wallet operators using the company’s technology. Exchange and brokerage operators will have the ability...

Read more

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

03/05/2020
AlphaPoint gets additional $5.6M in funding to fuel product expansion for digital asset exchanges

AlphaPoint, a provider of white-label blockchain asset exchange software; announced today that it has raised $5.6 million in new funding. The financial technology company's last major round of venture capital funding came in late...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Web3 Racing Game Powered by Solana to Introduce In-Game Currency

Web3 Racing Game Powered by Solana to Introduce In-Game Currency

01/26/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

01/05/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 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
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy