Thai media group's security token offering set to deepen alternative capital market in S'pore

The offering will tap the emerging Singapore digital asset ecosystem and is expected to add depth to the capital market here.
The offering will tap the emerging Singapore digital asset ecosystem and is expected to add depth to the capital market here.PHOTO: ST FILE

SINGAPORE - 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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