“InnovestX Securities Co., Ltd.,” formerly known as SCB Securities Company Limited (SCBS), is unveiling its new strategies under the rubric of “Future of Finance Reimagined” in order to enter the digital asset market on a large scale.
The business will concentrate on the ecosystem of the financial and investment sector in the future. The company is releasing “InnovestX,” the first super app in Thailand, which combines domestic and foreign stocks, mutual funds, bonds, and digital assets.
By partnering with the SCBX group of businesses to deliver critical investment financial infrastructure and a full range of digital asset services, InnovestX hopes to lay the groundwork for future growth and increased competitiveness. With a target of four to five million clients within three years and a position among the top five in the ASEAN region investment and digital asset business, it intends to go public.
Dr. Arak Sutivong, chief executive officer of InnovestX Securities Co., Ltd., stated that technology, in particular blockchain technology, which is widely used and underlies digital asset technology, plays a significant role in reshaping the landscape and influencing the future of the financial sector. Thus, the financial sector has rapidly grown, opening up new opportunities for investment and financial business for everyone.
InnovestX Securities has started a significant corporate strategy shift under the slogan “Future of Finance Reimagined” in order to both broaden their traditional investment services and be prepared to enter the digital asset market.
In order to make investments and digital assets accessible to everyone through a universe of equal investment opportunities made possible by technologies and innovations, the strategy will concentrate on the development of infrastructure and the future of the financial and investment ecosystem. The ultimate goal of InnovestX is to control the ASEAN investment and integrated digital asset markets.
“The application was designed based on the knowledge of the diverse demands of clients, whether rookie investors or experienced investors. We anticipate the InnovestX App expanding the number of investment options from across the world available to everyone, bringing them on par with those in industrialized nations. Ultimately, this will generate sustainable financial growth over the long term,” said Dr. Arak.
“Within three years, we anticipate the rise in user number to reach four to five million and becoming one of the top five investment and digital asset businesses in ASEAN, while simultaneously preparing for the company’s listing and IPO,” Dr.Arak said in a statement that summarized InnovestX’s business objectives.
InnovestX is the only securities company in Thailand that has both securities and digital asset brokerage licenses. By offering safe, clear investment financial services and working with regulators to guarantee that all clients receive the highest level of care, the company is determined to advance the sector.
InnovestX is a universal investment app that allows users to invest in all assets, anywhere. This offer is valid until December 31, 2022. Users will be able to download the app from October 8, 2022 onwards.
