Thai media group to raise $136m here via security token offering

Exercise set to be largest foreign STO in Singapore and the first time films will be tokenised in South-east Asia

Businesses have started tapping security token offerings (STOs), underscoring a growing trend of seeking alternative access to capital in the digital sphere.

Thailand-based media group T&B Media Global and affiliate company Tree Roots Entertainment Group said on Nov 11 that they will raise at least US$100 million (S$136 million) in Singapore to finance the production of five animated movies, one animated series and a live streaming platform in Thailand.

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A version of this article appeared in the print edition of The Straits Times on November 19, 2021, with the headline 'Thai media group to raise $136m here via security token offering'. Subscribe