KBTG establishes Kubix, a new company for the digital asset business

Mr. Ruangroj Poonpol, KBTG Chairman, noted that digital assets offer a new option for fund raising or investment in the capital market. Fund raising can be undertaken by converting assets to digital assets in the form of digital tokens. Then, an Initial Coin Offering - or ICO - is arranged with an ICO portal acting as an advisor and underwriter of newly-issued digital tokens that are offered to investors in the primary market.

Late last year, KBTG forged a partnership with the Stock Exchange of Thailand to establish the Thai Digital Asset Ecosystem, for which a comprehensive digital asset platform has been developed using distributed ledger technology. It aims to promote fund raising via digital tokens in response to the government's digital economy development policy.

Recently, KBTG established Kubix Digital Asset Co., Ltd. (Kubix) with a registered capital of 70 million Baht or around 2.1 million USD. It is wholly owned by KBank through KASIKORN X Co.,Ltd., a subsidiary of KBTG to operate as an ICO portal, screen digital asset sellers, and assess business plans and risk appetite of investors. It will also be tasked with helping consider the digital token registration statement and draft prospectus prior to submission to the Office of the Securities and Exchange Commission (SEC).

Meanwhile, the digital token market is more secure and flexible than other investment markets because it will be operated via blockchain technology. Investing in digital tokens via ICO portal will be more exciting because investors will enjoy other benefits beyond monetary gains. The ICO portal business is under the supervision of the SEC. For persons interested in mobilizing funds or investing in digital assets, please find more details at www.kubix.co.

About KASIKORN Business-Technology Group (KBTG) and Kubix
At KBTG, we never cease to develop and innovate financial technologies on top of our "Customer First" mindset. We are the driving force behind KBank's success as well as their navigator exploring the digital world beyond Thailand. Our wide-ranging online banking services are equipped with concrete infrastructure and strong barriers capable of guarding customers' valuable assets and data. Utilizing our expertise in FinTech business, combined with new generation's outside-the-box thinking, KBTG aims to transform into the best tech organization of Southeast Asia by 2025.

Kubix Digital Asset Co., Ltd., or Kubix, has been established by KASIKORN Business-Technology Group (KBTG) to operate as an ICO portal. Kubix's main objective is the expansion of businesses' fund raising opportunities. It aims to create alternative products for investors seeking new forms of investment with potential returns and risk levels that differ from existing financial products. Its business operation is consistent with KBank's strategy, which focuses on services with democratized savings and investments. Furthermore, Kubix will strive to become Thailand's leader in investment development as a digital asset knowledge provider.

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