ERX receives Thai SEC approval for First Dedicated Digital Assets Exchange by leveraging AlphaPoint’s Exchange Software

Bangkok, Thailand, July 21, 2020 – ERX today announced that it has been granted a Digital Assets exchange license by the Thai SEC for operation in Thailand. Built using AlphaPoint’s white label Digital Asset Exchange software, ERX’s trading platform launch represents a milestone in Thailand’s blockchain and cryptocurrency landscape, as ERX Digital Assets exchange comes online with full-regulatory approval by state governing bodies. Other exchanges in Thailand have been so far purely dedicated to crypto currencies trading. ERX differentiate itself by only allowing non bearer instruments to trade on it.

ERX’s parent company Elevated Returns is a digital asset management company best known for its tokenization of the St. Regis Resort in Aspen, which raised $18 million USD through a security token offering (STO) in 2018, the first of its kind to successfully tokenize a trophy real estate asset.

In Thailand, Elevated Returns’ group of companies is in a unique position given that they have successfully acquired three regulatory licenses, having worked with SEC Thailand and the Thailand Ministry of Finance to secure a primary ICO portal license, an asset management license, and a secondary market license. With these certifications, they’re legally permitted to issue real estate backed investment tokens amongst others, conduct the trading of these investment tokens, and manage funds raised from the public to trade the investment tokens on behalf of investors. It is truly an end to end Digital Assets primary issuance and secondary trading environment. ERX was the last and final approval necessary to launch to full production. The whole ecosystem is built on Tezos Proof-of-Stake blockchain.

Through its Thai ecosystem, the ER group intends to launch several real estate investment tokens as part of its effort to bring over $1 billion USD worth of assets on the blockchain.

“This last steppingstone completes the infrastructure we embarked on to build about 18 months ago. We can now concentrate our group’s effort in bringing quality deals to the Digital Assets marketplace,” said Stephane De Baets, Elevated Returns group president.

Digital Asset Exchange ERX is utilizing AlphaPoint’s proven and world class secondary marketplace solution to provide liquidity for investment tokens. AlphaPoint has provided white label exchange technology for digital asset and cryptocurrency markets since 2013 to over 150 clients across over 35 countries.

“It has been a pleasure working with the ERX team to bring their vision to market,” said AlphaPoint CEO & Co-founder Igor Telyatnikov. “We strive to help our customers lead the way in pushing the industry forward and Elevated Returns is doing just that.”

Additionally, ERX will be launching the ERX Token which will provide discounted fees for market participants. AlphaPoint’s trading technology fully supports a loyalty token capability as an integrated component of the trading experience. ERX is unique among Digital Asset marketplaces for their issuance of a native utility token intended to be used for discounted trading fees. Originally issued on the Tezos blockchain, the ERX token will be providing a similar value proposition for the Digital Asset world as the Binance Coin for crypto currencies trading.

About Elevated Returns:

Elevated Returns (ER) is a financial group leading the push to digitize traditional assets, and a parent company ER Global, which focuses on capital partner replacements, equity monetization, and recapitalizations for class A properties located throughout the U.S, South East Asia, and Europe. Elevated Returns and ER Global established themselves in the blockchain industry as one of the first companies to successfully structure, implement, and execute the tokenization of a trophy asset, the St. Regis Resort Aspen, Colorado, a project which raised $18 million USD through a security token offering (STO) in 2018.

About AlphaPoint:

AlphaPoint is a white-label software company powering digital asset exchanges worldwide. Through its secure, scalable, and customizable digital asset trading platform, AlphaPoint has enabled over 150 customers in 35 countries to launch and operate digital asset markets, as well as digitize assets. AlphaPoint and its award winning blockchain technology have helped startups and institutions discover and execute their blockchain strategies since 2013.