XSpring embarks into 2022 assertively

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language
XSpring embarks into 2022 assertively

Launches One-Stop Financial Solutions across traditional and digital platforms, increasing its global investments to meet its THB1 billion revenue target.

After announcing its achievements in 2021, XSpring Capital Public Co., Ltd. (XPG) is moving towards its goal of “One-Stop Financial Solutions” this year. The company offers an integrated approach, covering all aspects of financial activities in facilitating a seamless connection between its clients and the traditional and digital markets via various platforms. It will answer customer needs in line with the Gateway to Investment concept. The company will aggressively move into the new global capital market, connecting Thailand to the world, thus offering vast investment opportunities. XSpring Group now has two core strategic businesses, namely Asset Management and Digital Asset business – a new business after it was granted the digital asset brokerage and dealer licenses last year. XSpring is developing a system to connect with the global digital market and will be the first to partner with Coinbase, the world’s leading exchange. It aims to capture a third of the local market with revenue reaching THB1 billion this year.

the latest tech news, global tech news daily, tech news today, startups, usa tech, asia tech, china tech, eu tech, global tech, in-depth electronics reviews, 24h tech news, 24h tech news, top mobile apps, tech news daily, gaming hardware, big tech news, useful technology tips, expert interviews, reporting on the business of technology, venture capital funding, programing language

Varangkana Artkarasatapon, President of XSpring Capital Public Co., Ltd., said the year 2021 was a successful year for the company. It was a “business expansion phase”, she explained, deploying several new service channels, introducing more financial service products, and investing significantly in new technological platforms to pave the way as the provider of “One-Stop Financial Solutions”. XSpring does not only focus on the local market, it also plans to connect Thailand to the world with its advanced ecosystem, helping investors to look for diversified investment opportunities in one place.

This year, the Thai economy is expected to improve on the back of a domestic recovery while retail and institutional investors are looking for various investment opportunities. These offer a good facet for XSpring, given its focus on the two core businesses (Asset Management and Digital Asset). It will hike investment in the Asset Management Company (AMC), a business with high growth potential, and other related units.

Global Tech News Daily

Capitalising Thailand’s biggest number of 17 licenses to create vast investment opportunities

Holding several licenses at the same time is one of the company’s strong points, giving it the advantages of offering various investment opportunities, especially digital assets which are increasingly popular among modern investors. XSpring has been granted a full set of 17 licenses, the key in driving its expansion here and abroad. Supported by its expertise in investment advisory and a leveraging comprehensive ecosystem, XSpring is set to grow in tandem with the financial gains of investors.

Global Tech News Daily

Focusing on two core businesses: Asset Management and Digital Asset business, targeting one-third market share

In 2022, XSpring will move deeper into the digital asset business via its subsidiary XSpring Digital, the operator of an ICO Portal. The company successfully assisted clients in the first issue of real estate-backed ICO in Thailand last year, it plans to be involved in the launches of four to six ICOs this year. The Securities and Exchange Commission (SEC) last year granted XSpring Digital four more operation licenses, namely 1. Cryptocurrency Brokerage License 2. Digital Token Brokerage License 3. Cryptocurrency Dealer License and 4. Digital Token Dealer License. These will enable the company to become Thailand’s first One-Stop Service provider in areas of financial and digital asset investment, as well as linking Thailand with the global capital market. The group aims for one-third of the local market share, underpinned by robust operation and strengthened by its cryptocurrency brokerage service that will tap into Global Liquidity. To this end, XSpring Digital will work with Coinbase, a US-based leading digital exchange platform and digital asset custodian to create an integrated service system. The services will be available in the first quarter of this year.

At the same time, XSpring gives high value to Asset Management and plans to expand the business, especially the new area of Digital Asset Fund Manager. XSpring expects to secure the Digital Asset Fund Manager’s license from the SEC in the second quarter of 2022. It will then be able to offer investment opportunities via various types of investment funds to investors and the public at large. The license will also allow XSpring to engage in securities brokerage, securities dealing, and securities underwriting of investment units (Limited Brokerage Dealing and Underwriting: LBDU).

Increasing investment in Asset Management Company (AMC), preparing to bid for non-performing loans (NPLs)

AMC has high growth potential this year. XSpring plans to bid for more NPLs with a total outlay of THB1 billion. It will jointly manage the investment with Sansiri PLC., a strategic partner. NPLs are on the rise, giving the AMC a bigger role in tackling the issue of distressed assets and improving market efficiency. XSpring group’s AMC business will focus on the management of bad loans backed by collateral such as houses and residential condominium units.

Embracing sustainability investment and deploying Green Investment strategy, aligning with the global trend

This year, XSpring foresees Green Investment opportunities in light of corporate and social sustainability goals. The Group also expects to benefit from joint investments with large corporations in other regions and gain from knowledge sharing in such activities. XSpring has earmarked 10 percent of its total investment portfolio for this purpose. Recently, it has invested in Sharge Management Co., Ltd (SHARGE), a charging service provider for electric vehicles (EV). SHARGE provides integrated service with its European standards equipment, ensuring user safety from the risk of high voltage. The company also offers after-sale service, managed by professionals providing optimal solutions to customers nationwide. SHARGE’s application appeals to the lifestyle of the young generation, conveniently facilitating charge station searching, booking, and online fee-paying. SHARGE has collaborated with real estate companies, carmakers, shopping malls, and energy enterprises in the creation of an ecosystem covering all aspects of consumer behavior: EV charging at home, charging stations, and charging points at their travel destinations.

XSpring has also invested in Cibus Enterprise Fund II, a venture capital fund. Recently, it has established a joint venture company with King of Gamers Club Co., Ltd., a subsidiary of Kantana Group PLC. to develop mobile apps for entertainment, advertising, and related marketing activities. This new venture awaits contract signing for the establishment of a new company with XSpring holding 61.5381 percent of total shares.

This year, XSpring is committed to all investment opportunities with high growth potential. With prudent plans for the platforms in place, designed to underpin the business foundation, combined with a team of professionals with the vision of investment opportunities in global finance, XSpring expects to see revenue exceeding THB1 billion this year.

“Our road map for 2022 is to capitalise on our strength of “One-Stop Financial Solutions” and contribute to the ultimate goal of developing the Thai capital market as well as widening the range of investment tools to new products with high growth potential,” Varangkana said. These will enable XSpring Group to become an integrated traditional and digital finance service provider while allowing everyone to conveniently access finance and investment opportunities. It will also give people access to comprehensive investment information while building transparency and trust in the company’s ecosystem. Our executives and professional team with extensive experience and expertise will provide integrated financial services to all,” Varangkana added.

XSpring Capital Public Company Limited
Website: www.xspringcapital.com
Facebook: www.facebook.com/XSpringDigital

News Related

OTHER NEWS

PayPal suspension to hit Thais amid tough market

Global online payment PayPal is scheduled to suspend most services for consumers, freelancers and sole proprietors in Thailand from March 7 as it is seeking ways to comply with Thai ... Read more »

Unemployment eases in Q4 of 2021 Rate down to 1.6% from 2.3% in Q3

Thailand's unemployment rate eased in the fourth quarter of last year, and bachelor's degree holders still maintain the highest unemployment rate, according to the latest survey by the National Statistical ... Read more »

State eyes options to retain fuel cap Borrowing to surge to maintain funding

A petrol pump attendant at a PTT petrol station on Phetkasem Road serves a motorist. Pattarachai Preechapanich The government is looking for additional sources of funding to finance its energy subsidies, ... Read more »

All provinces record lowest level of revenue in 2021

Tourists take photos from Wat Phra That Doi Suthep in Chiang Mai. Narumon Kasemsuk Tourism receipts in 77 provinces set another historic low in 2021 with revenue declining by 69.55% to ... Read more »

Ex-monk accused of illicit land purchase

Activist and serial petitioner Srisuwan Janya said he will ask the Royal Forest Department to look into an allegation that ex-monk Sompong Nakhonthaisong spent 10 million baht buying 300 rai ... Read more »

Infectious waste hit new high in 2021

The volume of potentially infectious waste handled by the Pollution Control Department last year was 87% higher than in 2020 due to surging Covid-19 infections, its chief told media yesterday. ... Read more »

Siriraj replaces knee joint of elderly patient using robot

Two doctors at Siriraj Hospital demonstrate robotic knee replacement surgery on a medical dummy. The hospital announced yesterday it successfully replaced the entire knee joint of an elderly patient using ... Read more »

Ex-MP calls for scrutiny of Nate's bid

Former Democrat MP Watchara Phetthong yesterday called on the Secretariat of the Senate to run a thorough check on former deputy attorney-general Nate Naksuk who caused a stir when he ... Read more »

Prawit quashes talk of Interior post move Denies ministry plot by 21 ex-party MPs

Aides help Deputy PM and PPRP leader Prawit Wongsuwon as he arrives at the party’s HQ on Ratchadaphisek Road yesterday. Varuth Hirunyatheb Gen Prawit Wongsuwon, deputy prime minister and leader of ... Read more »

Tour bubble plan in works Talks with China, Malaysia 'this month'

The government will open discussions to set up travel bubbles with China and Malaysia this month to attract more foreign visitors, following the resumption of the Test & Go scheme ... Read more »

Foreigner's assassins 'are hiding in Phuket'

Phuket: The Royal Thai Police is stepping up its hunt for gunmen who shot dead a foreign national in Muang district on Friday night. Pol Gen Suwat Jangyodsuk, chief of ... Read more »

Staff transferred after Naga Cave congestion Park reminds visitors to book entrance on app only

Tourists examine Naga Cave, which features rock formations that resemble giant snake scales. (Photo: Udon Thani Office of the Tourism Authority of Thailand) BUENG KAN: Officials overseeing the entrance of ... Read more »

Staff transferred, some guides banned after Naga cave congestion Park reminds visitors to book entrance on app only

Tourists examine Naga Cave, which features rock formations that resemble giant snake scales. (Photo: Udon Thani Office of the Tourism Authority of Thailand) BUENG KAN: Officials overseeing the entrance of ... Read more »

Govt 'could fall' over poll bills

Deputy Prime Minister Wissanu Krea-ngam takes questions from reporters at Government House on Dec 21, 2021. (Photo: Chanat Katanyu) Deputy Prime Minister Wissanu Krea-ngam on Monday admitted that if the ... Read more »

Four students arrested for campus gun salute

Former and current students fire pistols into the air at Uthenthawai campus of Rajamangala University of Technology Tawan-ok last Wednesday morning. (Photo: Archiwha News) Four students from Rajamangala University of ... Read more »

Police chief in Phuket to investigate Indian gangster's murder

Footprints were found in and around this empty house near the villa at Rawai beach in Phuket where a foreigner of Indian descent was shot and killed last Friday. (Photo: ... Read more »

2Anniversary 2Gether Carlton Hotel Bangkok Sukhumvit

The Carlton Hotel Bangkok Sukhumvit is celebrating its second anniversary in Thailand. To mark this special occasion, the hotel is offering a promotional rate of THB 2,222 net per night. ... Read more »

Capella bangkok's one more night offer

Enjoy the second night on us when you reserve our riverside Villas. Embrace our riverfront lifestyle with a complimentary night when you book our Villas at Best Available Rates for ... Read more »

Thai stock investor mood at 6-month low on Fed tightening

Investor confidence in Thailand's stock market over the next three months slipped to a six-month low on concerns about the US Federal Reserve's tightening plans and a sluggish domestic economy, ... Read more »

Mazda's total sales in January reaches to 3,230 units, Offers special deal “MAZDA SEASON OF LUCK” to customers

Bangkok, Thailand – 7 February 2022 – Mazda was very popular in firth month with the recovery of sales in January that reached to 3,230 units. Especially the Mazda2 that ... Read more »

AssetWise relies on “Wind of Chance” strategy to unfold the sails and capture the wind of opportunity

Seven new high-rise and horizontal projects worth more than 12.4 billion baht are added to the portfolio, seizing new business opportunities for stable and sustainable growth Approaching the 18th anniversary, ... Read more »

Betong airport to finally open Feb 28

The new terminal at Betong airport – now scheduled to open to commercial flights on Feb 28 but only to aircraft with fewer than 100 passengers, and no services have ... Read more »

Viriyah celebrates 75th anniversary of fair and sustainable operation

Viriyah Insurance Public Company Limited, led by Suwaporn Thongthew, Managing Director, and executives, held a merit-making ceremony on the occasion of the Company’s 75th anniversary to build morale among staff ... Read more »

New Covid cases exceed 10,000 for third day

Covid-19 vaccination is organised at Fashion Island shopping centre on Ram Intra Road in Khannayao district, Bangkok, last Thursday. (Photo: Varuth Hirunyatheb) The country registered 12 more Covid-19 fatalities and ... Read more »

Central Pattana unveils ‘LOVE destiNATION: Eat Play Love' campaign in celebration of St. Valentine's

Featuring at 35 Central shopping centres nationwide from 11 to 14 February 2022, including: Meta-Luck blessings, Trimurti avatars, 360˚VR technology, collaboration with Tinder, Han & Jiyeon, and Love Arcades. Central ... Read more »

Blue by Alain Ducasse at ICONSIAM ushers in 2022 with a global award

After winning a Michelin star for two consecutive years, the restaurant now garners the prestigious Le French Design 1000 Siam Piwat Co. Ltd., the world’s leading retail property developer, owner ... Read more »

Kimpton maa-lai bangkok rolls out the red carpet for everyone this valentine's day

With 14 February fast approaching, Kimpton Maa-Lai Bangkok is rolling out the red carpet to showcase love this Valentine’s Day. To spoil a spouse, woo a partner or impress a ... Read more »

Frasers Property Thailand meets revenue and profit goals

Announces 15,613-million-baht revenue and 1,869-million-baht profit for the year 2021 Frasers Property (Thailand) Public Company Limited (FPT), a leading integrated real estate platform in Thailand, has announced its operating results ... Read more »

Prices expected to remain high

Customers fork out hard earned money buying ever more costly goods in Muang district, Nakhon Ratchasima. (Photo: Prasit Tangprasert) A survey of company CEOs found that the price of goods ... Read more »

Foreigner found hanged, house burned down

A fire rages through the house at Kanchanaburi Villa Housing Estate in Muang district, Kanchanaburi province, where a German man was found hanged on Monday morning. (Photo: Piyarat Chongcharoen) KANCHANABURI: ... Read more »

Govt plans travel bubble talks with China to boost tourism

FILE PHOTO: Chinese tourists wearing protective suits arrive at Suvarnabhumi Airport during the first day of Thailand’s reopening campaign, Nov 1, 2021. (Reuters) The government plans to hold travel bubble ... Read more »

Man hacked to death by drunk friend

Police at the house in Hua Sai district, Nakhon Si Thammarat, where a man was killed by his friend during a drinking binge on Sunday afternoon. (Photo: Nujaree Rakrun) NAKHON ... Read more »

THAICONNEXION, a Social Issue & Crisis Management Expert, points to the sensitivity of the online world towards negative news. Provides solutions to social media crisis.

THAICONNEXION indicates that the sensitivity of the online world towards negative news could affect brand image and sales figures. As a social issue & crisis management expert, THAICONNEXION provides solutions ... Read more »

Ancient brew has retro appeal in South Korea

Diners raise a toast with cups of makgeolli, a cloudy Korean rice wine with a slightly sour taste, during a lunch in Paju, South Korea. (Photo: The New York Times) ... Read more »

Foreigner found hanged inside burned house

A fire rages through the house at Kanchanaburi Villa Housing Estate in Muang district, Kanchanaburi, where a German man was found hanged on Monday morning. (Photo: Piyarat Chongcharoen) KANCHANABURI: Firemen ... Read more »

Myanmar tests Asean unity again

Feb 1 was a day of celebration as millions marked the beginning of the Year of the Tiger. But it was also a day of sober reflection as it reminded ... Read more »

Poll: Bank of Thailand awaits tourism revival, to hold rates for another year

BENGALURU, India: The Bank of Thailand will wait for at least a year before raising interest rates from record lows to support the tourism-dependent economy hit hard by coronavirus-related travel ... Read more »

World of acclaimed Studio Ghibli comes to Bangkok's CentralWorld

Calligraphy by Toshio Suzuki. photos courtesy of uniqlo.com Studio Ghibli, the Japanese animation film studio based in Tokyo, is holding “#My Style, My Ghibli, Let's Lose Our Way, Together”, on ... Read more »

Thai canal plan won't die, says activist

The Thai canal project is unlikely to be put to rest, despite the House of Representatives last week rejecting a study into the proposal, says an activist working on environmental ... Read more »

10,470 new Covid cases, 12 more deaths

Covid-19 vaccination is organised at Fashion Island shopping centre on Ram Intra Road in Khannayao district, Bangkok, last Thursday. (Photo: Varuth Hirunyatheb) The country registered 12 more Covid-19 fatalities and ... Read more »