Y.S.S.P. Aggregate, a water resources development company, is raising funds for industrial expansion via an initial coin offering (ICO) with Token X Company Ltd, an ICO portal under SCB X.
Yuttachai Phukanthasom, chief executive of Y.S.S.P. Aggregate, said the company is issuing digital tokens through Token X to raise funds for its water management project and stone, clay, and sand mining businesses in the Eastern Economic Corridor (EEC) located in Rayong and Chon Buri.
Aside from financial growth, Y.S.S.P. Aggregate said the issuance is to experiment and learn more about the viability of digital tokens as a fundraising option.
