The REALX token is making its debut on the Bitkub exchange, revolutionizing investments.

A digital asset backed by real estate from Real Estate Exponential Co., Ltd is set to debut on the Bitkub exchange on September25th.

"As part of its cooperation with business partners, including Real Estate Exponential Company Limited, Token X Co., Ltd and Origin Property Public Co., Ltd., Bitkub Online Co., Ltd. participated in the launch of trading digital tokens RealX, which became the first investment coin offering on the Bitkub Exchange. These tokens were issued by Real Estate Exponential Company Limited (RealX) and will be traded under the abbreviation 'REALX'. RealX will debut and begin trading on the Bitkub Exchange from September25th,2023, at10:00 AM."

This digital asset, backed by real estate, is the first digital investment token available on the Bitkub exchange.

Presentations by company leaders

Mr. Attakrit Chimplapibul, the CEO of Bitkub Online Co., Ltd., stated: "Asset tokenization is a new concept that transforms various assets into tokenized form. It is an effective tool that helps investors diversify risks. Today is a historic and promising day, as Bitkub Exchange partners with RealX, the first issuer of digital investment tokens in Thailand, for trading on our Bitkub exchange."

Dr. Virapong ChutipatReal, the CEO of Estate Exponential Co., Ltd., added that the REALX investment token is a digital investment token backed by real estate. It was developed in collaboration with Real Estate Exponential Co., Ltd. and Token X Co., Ltd.

Details of the REALX token proposal

REALX offered digital tokens to the general public for sale from July 1 to August 31, 2023, with a total volume of 13,186,813 tokens at a price of 182 baht per token, amounting to a total offering value of 2.4 billion baht. The funds raised will be used for investments under the RSTA (Revenue Sale and Transfer Agreement) contract amounting to 2.304 billion baht. It is expected that REALX digital tokens will be traded on all digital asset platforms, with a total volume of approximately 5,494,505 tokens.

Token X Co., Ltd. provides ICO Portal services, while SCB Asset Management (SCBAM) acts as a fiduciary. Ms. Jittinan Charsiharat, the CEO of Token X Co., Ltd., explained: "The REALX token is developed on the secure TKX Chain network, which uses smart contracts to control token transactions. TKX Chain is a blockchain network built on Ethereum Virtual Machine technology, the same technology used by the Ethereum Network."

The role of Origin Property Public Co., Ltd.

Mr. Pirapong Jarun-ek, the CEO of Origin Property Public Co., Ltd., stated: "As a real estate operator, Origin Property has recognized the opportunity to create digital tokens for investments backed by real estate and linked to income from apartments. The digital token REALX is aimed at using the raised funds for investments in the RSTA contract and generating income from projects owned by Real Estate Integration Co., Ltd., including three residential complex projects in prestigious locations: Park Origin Phrom Phong (93 units), Park Origin Phayathai (84 units), and Park Origin Thonglor (67 units)."

"This collaboration is a milestone among partner companies and signifies a dynamic shift in the field of digital investment tokens aimed at supporting investments in the Thai real estate market," added Mr. Pirapong.