Alpha Blockchain Appointed as Advisor for the First Thai ICO, DeeMoney

It was big news for the crypto community in ASEAN (Association of Southeast Asian Nations) when the Thai SEC announced it would be establishing a framework to regulate and permit ICOs. As such, we’re pleased to announce that we’ll be working with DeeMoney, a strong contender to be the first Thailand-based ICO.

DeeMoney’s existing business, Sawasdee Shop, has been serving the migrant community since 1999. In 2017, it was one of the first companies in Thailand to receive a non-bank license for International Money Remittance Services. DeeMoney has established partnerships with Kasikorn, Bangkok, and Siam Commercial banks — all large, established banks that serve the Thai market.

The remittance industry suffers from infrastructure, interoperability, and trust issues — in other words, it offers great potential applications for blockchain technology. By bridging the interoperability gap between digital and paper currencies, DeeMoney will create real-world utility for digital assets as a tool for cross-border money transfers. Their mobile application and established brick-and-mortar locations will make purchasing, transferring, and investing with digital assets accessible and user-friendly.

Alpha Blockchain will be assisting DeeMoney as an advisor in the areas of token-economics and mechanism design, as well as, investor relations and the establishment of strategic partnerships as they expand their service throughout ASEAN and beyond.