Stock exchange of Thailand (SET) has launched a blockchain-based platform that helps domestic start-UPS to attract funding.
The new platform, called LiVE, uses a blockchain below using the methods P2P trading to facilitate startups access to investment funds, including venture capital firms and institutional investors.
SET News: “SET officially launches the “LiVE” platform with blockchain technology startups to grow”
For more information, please visit https://t.co/u7xy8ATEwo and Facebook: LiVE Platform.#LiVEplatform pic.twitter.com/JwSlLCb6lX
— SET Thailand (@SET_Thailand) May 4, 2018
Representatives SET reported that 8 of the startups have already joined the platform, 50 plan to take part in the initiative.
The SET President said that the LiVE platform will be “a key mechanism contributing to the growth of Thailand”, as it will allow startups and small businesses get funding through crowdfunding. He noted that the company will be able to use LiVE to promote projects in the wider target group, thanks to the growing customer base of the exchange.
We will remind, earlier it was reported that 14 banks of Thailand jointly implement the project of the translation of the turnover of letters of guarantee to the blockchain.