Seamico Securities Gets Green Light from Thai SEC to Fire Up ICO Portal

Seamico Securities, which has been awaiting the green light to fire up an ICO portal called SE Digital inThailand, says it has been informed by the Thai Securities and Exchange Commission that it may, “initiate its business.”

As per a letter hosted on the Seamico website:

“According to the Reference letter(,) Seamico Securities Public Company Limited…informed the Stock Exchange of Thailand that SE Digital Company Limited… a 99.99% subsidiary of the Company(,) has obtained an approval to operate as an ICO Portal but subject to demonstrating the readiness of the ICO Portal platform.”

“Please note that the Office of Securities and Exchange Commission has informed SE Digital on 7 October 2019 that the operational system to operate as an ICO Portal is ready and SE Digital would be able to initiate its business.”

Seamico describes itself as a, “professional financial company…offer(ing) innovative investment products,” in Thailand. The company “officially launched” in 1974, and, “has been approved by the Ministry of Finance and the Securities and Exchange Commission to engage in business activities related to the securities industry including Securities Brokerage, Securities and Derivatives Trading, Investment Advisory, Securities Underwriting, Financial Advisory, Derivatives Agent and Asset Management.”

The letter was written by Chaipatr Srivisarvacha, Seamico vice chair and CEO and addressed to the president of the Stock Exchange of Thailand.

Elevated Returns Founder and President Stephane de Baets used the announcement as an opportunity to promote his own company’s efforts to establish a similar “digital asset” portal in Thailand.

Of note, de Baets and Elevated Returns previously issued the Aspencoin security token based on a real estate asset that was said to be the first of its kind.

The successful launch of the Thai portal, de Baets and Elevated hope, will be followed by a pan-Asia expansion.

Baets tweeted:

“We are thrilled to announce that Seamico Securities, an invaluable component of the Elevated Returns investment portfolio, has been granted its full digital assets portal license by the Thailand Securities Exchange Commission.”

“As Elevated Returns has its own application in process with the Thai SEC for a digital assets private exchange license–technology built entirely in Tezos blockchain–our goal is to first establish a full ecosystem in Thailand before expanding operations to other countries such as Taiwan, Korea, Japan, the Philipines, Indonesia and Singapore. Seamico’s latest development falls perfectly in line with our global strategy, and paves the way for the launch of a series of investment tokens to the general public through regulated and compliant offerings. Though the digitization of financial markets is certain, the path to implementation and adoption is rigorous. Therefore, we applaud Seamico Securities for accomplishing this milestone achievement.”

Sandwiched between Elevated’s tweets regarding SE Digital and Seamico is another one in which Baets announces that, “Capital flight into crypto and alt coins is happening @ElevatedReturns.”

A twitter user responded, asking, “Where? I cannot see anything happening!”

Baets did not elaborate.

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