Thailand’s national stock exchange launches blockchain funding market

Thailand’s national stock exchange has launched a new blockchain-powered crowdfunding marketplace.

The new service uses blockchain to enable peer-to-peer trading in an effort to help startups access new capital from investors, including those drawn from the venture capital and institutional investor worlds.

SET officially launchesLiVEplatform with blockchain technology to grow

Bangkok, May 4, 2018 – “LiVE” – the first Thailand crowdfunding platform for
startups and SMEs developed by The Stock Exchange of Thailand (SET) with support
from the public and private sectorshas officially launched with eight
targeted businesses from various sectors such as mobile application, consumer
products and medical equipment, to join while prompting over 50 companies to
follow suit amid growing enthusiasm from investors.

SET President Kesara Manchusree said that SET has established Live Fin Corp
Co.,Ltd. having 99.99 percent of shares held by SET, to operate a crowdfunding
platform which provides the Over-the-Counter (OTC) trading service for startups
and SMEs to access capital funding. “LiVEplatform has been developed with the
use of blockchain technology as an infrastructure for participating businesses
to expand and get connected with future alliances.

SET is determined to offer growth opportunities through the creation of a
complete startup ecosystem, inclusively from the business management education
for startup and SME entrepreneurs, to assistance in connecting with
institutional and accredited investors. “LiVEplatform will be a key mechanism
to help drive forward Thailand’s growth especially enabling startups and SMEs to
have more financial accesses through crowdfunding. Businesses can utilize LiVE
to promote to a wider target group while using partnership to expand customer
base. 'Nehe, this platform also offers opportunities for investors, both
individual and corporate, who are qualified by the Securities and Exchange
Commission (SEC) regulations, to select to invest in their preferred business
with growth potential,” added Kesara.

Businesses to be qualified to joinLiVE”, have to be companies registered in
Thailand, whose founders and executives carry no criminal records with financial
statement audit conducted by certified auditors. In order to raise over THB
20 millones, an eligible business must present a record of previous capital
raising of at least THB 5 millones, or be endorsed by a sponsor. For fundraising
of over THB 100 millones, the financial statements audited by SEC-certified
auditors must be presented.

There are four types of investors for this platform, consisting of 1)
institutional investor, 2) venture capital, 3) corporate venture capital and 4)
specific investor with annual income no less than THB 4 million or with combined
assets worth no less than THB 50 millones, and at least one year of investment

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