Kubix teams with GDH and Broadcast Thai in debuting DESTINY Token - a digital token that revolutionizes the investment world and makes history for the Thai movie industry

28 Jan 2022

Kubix is gearing up for the offering of a full-fledged ICO portal service after KASIKORNBANK (KBank) received a license to operate an ICO portal business from the Securities and Exchange Commission (SEC). To begin with, the company will join forces with GDH 559 Co., Ltd. and Broadcast Thai Television Co., Ltd. in debuting the 'DESTINY Token' - its first digital token - to support the production of 'Destination 2', a big Thai movie project. A first of its kind in Thailand, the initiative aims to target investors nationwide and reshape the investment sphere, where investment and Thai people's lifestyles converge.

Kubix teams with GDH and Broadcast Thai in debuting DESTINY Token - a digital token that revolutionizes the investment world and makes history for the Thai movie industry

Mr. Ruangroj Poonpol, KBTG Group Chairman, and Chairman of Kubix Digital Asset Co., Ltd., a subsidiary of KBTG, said that Kubix was awarded a license to operate as an ICO portal from the Securities and Exchange Commission on January 12, 2022. With that, KBank became the first Thai bank to be granted an ICO portal license. Leveraging KBank's strengths in terms of investment knowhow and experience, and KBTG's expertise in financial technology, Kubix strives to develop and create a new investment experience in order to offer investors beyond monetary returns. Each investor will be delivered a value proposition that comes in the form of exclusive privileges and unique lifestyle experiences as desired.

After receiving the business license, Kubik has taken its first step into the ICO portal business by collaborating with Special Destiny Co., Ltd., a joint venture between GDH 559 Co., Ltd. and Broadcast Thai Television Co., Ltd. (BTV), to submit a filing as part of preparations to make an initial coin offering (ICO) for the 'DESTINY Token' from the blockbuster 'Destiny 2', which is scheduled to premiere at theaters soon. The 'DESTINY Token' is a hybrid between an investment token and a utility token for which investors as token holders will receive returns in the form of cash and exclusive privileges. Its format and details will be revealed shortly. Nevertheless, the 'DESTINY Token' represents the first-ever token project to issue digital tokens for investment in Thailand.

Miss Jina Osothsilp, Chief Executive Officer, GDH 559 Co., Ltd., said, "This is the first time ever as a Thai film producer to see moviegoers given the opportunity to jointly invest in the making of a film, which in this case is 'Destiny 2', via the ICO, and participating in various activities as part of the privileges offered. The 'DESTINY Token' is bound to create a new form of business relationship that allows the audience to become a co-investor and co-filmmaker while also enjoying numerous privileges, helping promote the Thai film industry to achieve sustainable growth. I believe that 'Destiny 2' will create a phenomenon and happiness for the audience both at home and abroad once more."

Miss Apinya Ruangthaveekoon, Managing Director of Kubix Digital Asset Co., Ltd., said that with the transparency, accessibility and openness of the Kubix digital token, fundraising via a digital token would help to meet the demands of businesses in every industry. The 'DESTINY Token' marks the beginning of a new era for the film industry by combining entertainment with finance and investment. Investors have been given the opportunity to invest in an asset that generates monetary returns while becoming part of a phenomenon that cannot be found anywhere else, setting an excellent precedent for this new type of asset.

Mr. Yarnvith Raksri, Managing Director of Kubix Digital Asset Co., Ltd., said in closing that Kubix is determined to revolutionize forms of investment through a comprehensive service for digital token offerings, serving as an important tool that creates new business opportunities by using fundraising as a portal into the world of digital assets. Kubix acts as a partner in the creation of a new business model, from selecting an appropriate token and designing a token that meets investors' expectations, to writing and auditing a smart contract. Kubix also aims to provide its investors a digital token offering platform that would strengthen their relationship with customers, while increasing opportunities to expand their businesses in a new way which corresponds to the digital lifestyle of existing customers. Potential buyers can study additional information on Kubix and the 'DESTINY Token' at www.kubix.co or www.facebook.com/kubix.digitalasset.

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