Propbase and Siamese Asset Public Limited Company Unveil Groundbreaking Partnership for Hotel Asset Tokenization

Bangkok, Dec 14th, 2023 – Propbase, a leading innovator in real estate tokenization, and Siamese Asset Public Limited Company, a renowned real estate developer, have officially signed a Memorandum of Understanding (MOU) to collaborate on the tokenization of premium hotel assets, managed by world renown operators such as Wyndham Hotels Group. Siamese asset Public Company is traded on the Thailand stock exchange with a market capitalization of $260M USD and track record of billions in real estate development assets.

The partnership signifies a significant leap forward in the adoption of blockchain technology for real estate investment, with a focus on bringing high-quality, income-yielding assets onto the blockchain. Siamese Asset's stellar reputation and track record, coupled with their global appeal for top-tier real estate developments across Thailand, align seamlessly with Propbase's commitment to bringing resilient assets on-chain.

SIAMESE ASSET HAS A TREMENDOUS TRACK RECORD AND IS PUBLICLY TRADED ON THE THAILAND STOCK EXCHANGE

Siamese Asset, a publicly traded company on the Thailand Stock Exchange, has a market capitalization of 260 million USD. Renowned as a leading developer in Thailand's real estate, it boasts an award-winning record with over 23 large and high-quality projects, with international partners such as Wyndham Hotels and more...

SIAMESE ASSET RECOGNIZED AS TOP REAL ESTATE DEVELOPER IN THAILAND

Siamese Asset, recently honored with the esteemed title of "Best Developer in Thailand," stands as a truly remarkable achievement. This accolade serves to intensify the excitement within the Propbase team, propelling their commitment to introduce these exceptional assets to an even broader spectrum of investors.

The partnership signifies a significant leap forward in the adoption of blockchain technology for real estate investment, with a focus on bringing high-quality, income-yielding assets onto the blockchain. Siamese Asset's stellar reputation and track record, coupled with their global appeal for top-tier real estate developments across Thailand, align seamlessly with Propbase's commitment to bringing resilient assets on-chain.

Khun Kajonsit Singsansern, Chairman of Siamese Asset, shared his perspective, saying, "Siamese Asset Public Limited Company is a leading real estate developer in Thailand, with award-winning assets and esteemed international partnerships with Wyndham and many more. We are thrilled to collaborate with the Propbase leadership team, with whom we have shared a relationship since 2019. Their ongoing commitment to innovation, integrity, and excellence aligns with our values, and we are excited to tokenize our globally renowned assets, bringing them to a global investor base and reducing the barrier to entry for real estate investment."

The Propbase leadership team, known for their exceptional integrity and dedication since 2019, adds another layer of confidence to this groundbreaking collaboration. This partnership signifies a pivotal moment in the real estate industry, as two industry leaders come together to usher in a new era of innovation through the tokenization of prestigious hotel assets.

Kevin, Chairman of Propbase, expressed his enthusiasm, stating, "This marks an exciting partnership between Propbase and Siamese Asset. We are truly thrilled to join forces with Siamese Asset, an award winning & publicly traded company with a reputation for excellence, a proven track record, and a global presence in high-quality, income-yielding real estate developments across Thailand. Their leadership team's dedication to embracing tokenization as the next wave in real estate investment is a clear testament to their thought leadership , and we look forward to the success this collaboration will bring."

About Propbase:

Propbase is a leading real estate tokenization platform committed to revolutionizing the industry through bringing assets on chain in SE Asia and providing a secure and compliant solution for resilient real estate assets. With a focus on transparency, efficiency, and accessibility, Propbase empowers investors, property developers, and stakeholders in the real estate tokenization ecosystem.

About Siamese Asset Public Limited Company:

Siamese Asset Public Limited Company is a distinguished real estate developer in Thailand, renowned for its award-winning developments and strategic partnerships with internationally recognized hotel brands. Committed to excellence, Siamese Asset brings a wealth of experience and expertise to the real estate landscape.

For further information, please contact:

info@propbase.app

info@siameseasset.co.th