Siam Commercial Bank Public: Token X named ICO portal

Token X named ICO portal provider for YSSP Aggregate, with joint investment token feasibility study underway to support EEC economic and industrial growth

Token X Co., Ltd., a subsidiary of SCBX Group, actively provides total digital token solutions, including an initial coin offering (ICO) portal. The company has been appointed as an ICO portal provider for YSSP Aggregate Co., Ltd., a water resources development and management operator for the industrial sector. The partnership will focus on a joint study on the feasibility of investment tokens for water management projects for industrial areas to support economic and industrial growth in the Eastern Economic Corridor (EEC) and explore business growth opportunities through investment innovations that are primarily based on blockchain technology and digital tokens.

Chief Executive Officer of Token X, Ms. Jittinun Chatsiharach said, “The Initial Coin Offering (ICO) portal business is a key business driver that will enable SCBX to realize its mothership strategy of ushering in the future financial world. from ICO portal, we hope to offer new alternatives for a fundraiser for issuers of digital tokens.Access to fund supply is essential for exponential business growth.Businesses are likely to turn more and more towards fundraising via digital tokens in the future, as they help unlock the potential of low-liquidity assets that have been restricted by the traditional fundraising approach in the current economic environment.”

“We are delighted and honored that YSSP Aggregate Co., Ltd. has appointed Token X as the company’s ICO portal provider, and we will jointly explore the feasibility of issuing investment tokens. ICO portal, Token X is committed to deploying our potential, capacity, knowledge and expertise with digital tokens and our experience in blockchain technology in developing new effective fundraising approaches for YSSP Aggregate to help the business to find new growth models and new investors thanks to a more diversified range of investment alternatives. Mrs Chatsiharach added.

YSSP Aggregate Chief Executive Officer Mr. Yuttachai Phukhanthasom said, “We have signed the appointment of Token X as the company’s ICO portal provider to investigate investment tokens to support economic and industrial growth in the Eastern Economic Corridor (EEC). YSSP Aggregate is a well-established and strong partnership of stone, soil, and sand mining concession businesses in Chonburi and Rayong.With our extensive network of water resources, we understand the water resources in this region very well and have strong water management skills Our staff and advisory teams have experience and expertise in water production and distribution for both the public and private sectors. includes Thai Polycons PCL, which supports our construction work, and other strategic partners to help strengthen our capital.We are confident to take an active part in water management for r support the economy and industry growth in the EEC according to the strategy of the government.

“In terms of our partnership with Token X as an ICO portal provider, Token X will help advise on the organization of the business structure and review project plans to ensure regulatory compliance with the requirements of the Securities and Exchange Commission (SEC) in order to stimulate business opportunities and the company’s growth potential. Mr Phukhanthasom added.

About Token X

Token X Co., Ltd. is a subsidiary of the SCBX group that pursues its aspiration to become a “success partner in tokenization”. The company is equipped with knowledgeable teams and personnel ready to offer total digital token solutions and initial coin offering (ICO) portals. For more information, visit Where contact [email protected]

About YSSP Aggregate Co., Ltd.

YSSP Aggregate Co., Ltd. is an industrial water source development and management operator to effectively support industrial growth in the Eastern Economic Corridor (EEC). For more information, visit or contact [email protected]


SCB – Siam Commercial Bank pcl published this content on May 31, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on May 31, 2022 04:09:08 UTC.

Public now 2022


2022 sales 151B
4,433 million
4,433 million
2022 net income 40,509M
1,188 million
1,188 million
Net debt 2022

PER 2022 ratio 9.41x
2022 return 4.22%
Capitalization 379B
capi. / Sales 2022 2.51x
capi. / Sales 2023 2.41x
# of employees 25,953
Floating 99.0%


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Medium consensus TO BUY
Number of analysts 19
Last closing price THB112.50
Average target price THB145.11
Average Spread / Target 29.0%

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