Token X Co., Ltd. (Token X) is a subsidiary of SCB 10X Co., Ltd., a holding company under the Siam Commercial Bank (SCB) Group continues providing total solutions for digital asset businesses with its recent partnership with Independent Artist Management Co., Ltd. (iAM), the management for girl idol groups BNK48 and CGM48. Blockchain development and tokenization under this partnership will enhance iAM48 application capability through a better user experience and increased fan engagement with their favorite artists. This effort highlights Token X's plan to become a Tokenization Success Partner supporting corporate clients across leading industries in Thailand to bring new opportunities with blockchain and tokenization as the backbone.
Token X Co., Ltd. (Token X) Chief Operating Officer Rujipol Virochpoka said, "as Token X is currently waiting for initial coin offering (ICO) portal license activation by the SEC. Another key business goal is to serve as a technology partner for corporate clients across leading industries to develop blockchain solutions and tokenization. We aim to offer solutions for businesses and develop ready-to-use utility tokens to bring new business opportunities with blockchain and tokenization as the backbone. Blockchain is a highly effective, transparent, reliable, and verifiable technology that can be applied for maximum benefits across industries beyond just the financial industry. We have recently partnered with Independent Artist Management (iAM), combining Token X's strong technological capabilities and digital asset knowledge and expertise with the vision of iAM to solve fan's pain points. Blockchain development and tokenization under this partnership will enhance iAM48 application capabilities with better than ever fan engagement and promote an ecosystem for the Thai entertainment industry's creative and sustainable growth with blockchain and digital tokens as its key foundation."
Independent Artist Management (iAM) Chief Financial Officer Amporn Sombutareepanich, said, "BNK48 and CGM48 have millions of fans and online and offline followers nationwide. As the management for these girl groups, we are eager to bring modern technology to enhance fan engagement and new exciting use cases. Partnership with Token X in blockchain development and tokenization will play an important role in promoting decentralized good governance so that we can better manage activities for all the fans to share authority in making decisions and to feel even closer to their favorite artists. This will also broaden opportunities for fans to join activities via a more diverse range of channels."