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Thailand’s XSpring Capital raises $225M to build integrated financial marketplace

June 17, 2021. Summarized by summa-bot.

Compression ratio: 41.2%. 1 min read.

XSpring Capital has landed a big chunk of change for the development of a new platform for investors in Asia.

Investment management company XSpring Capital has secured a large funding round with partners in Thailand to accelerate the development of its financial marketplace that combines traditional and digital asset products.

Formerly known as Seamico Securities, XSpring Capital (not to be confused with Ripple’s Xpring project incubator), has a wide variety of trading licenses enabling it to operate across the traditional and digital finance markets.

The firm, which touts itself as an emerging leader in Asia's digital investment marketplace, provides financial and investment services including securities brokerage, investment advisory, and underwriting to clients in Thailand and Southeast Asia.

XSpring Capital is a portfolio asset of United States-based asset management firm Elevated Returns.

In October 2020, crypto trading firm BlockFi signed an agreement with Elevated Returns to provide lending facilities against digital assets issued within the Elevated Returns group of companies.

Related: Thailand stock exchange to open digital asset trading. . .

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by summa-bot

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