Mae Thong Sook Launches Thailand's First Gold Investment Token
Mae Thong Sook has launched Thailand's first gold investment token with KUBIX, offering investors a fixed 3% annual yield plus potential returns from gold price appreciation over a three-year holding period.
Mae Thong Sook has partnered with KUBIX to launch the MTS Gold Investment Token, Thailand's first digital token for gold trading investment, offering a 3% annual yield. Dr. Kritharat Hiranyasiri, executive chairman of the MTS Gold group, revealed that the company has been operating for over 74 years as a leading integrated gold trader in Thailand, covering gold bar imports and exports, refining, retail and wholesale operations, and futures brokerage. The company recently pioneered an online gold trading platform through the K PLUS app developed with Kasikornbank.
Mae Thong Sook Central, a subsidiary of MTS Gold, collaborated with KUBIX Digital Asset (under Orbix Group, a Kasikornbank financial services division) to launch the MTS Gold Investment Token, Thailand's first digital token for gold business investment. Global gold demand in 2568 surged to over 5,000 tons for the first time, valued at approximately $555 billion, a 45% increase from the previous year. Gold ETFs received net inflows exceeding 800 tons, and central banks worldwide purchased 863 tons net to diversify reserves and reduce dependence on the U.S. dollar.
2569 gold market trends are expected to be supported by strong investment demand from geopolitical tensions, debt and equity market volatility, and continued high gold ETF and bullion purchases; sustained central bank accumulation near 2568 levels for international reserve management and risk diversification; and limited gold supply due to mining constraints and rising production costs.
Nathapong Hiranyasiri, CEO of Mae Thong Sook Central, stated that MTS Gold sees growth in the gold bar market and opportunities to expand its customer base, so it is offering the MTS Gold Investment Token as a 3-year holding investment suited for investors seeking long-term returns with potential bonuses tied to gold price appreciation. The digital token offering will allocate at least 90% of raised funds to purchase 96.5% gold bars as inventory for gold trading through 13 Mae Thong Sook shop branches in Bangkok and surrounding areas, with future expansion planned. Up to 10% will be used as working capital. Token holders receive two types of returns: (1) a fixed 3% annual yield paid once yearly throughout the project term, and (2) potential special returns from gold price appreciation based on the gold-to-token ratio, if average selling prices exceed average purchase prices at project closure. After three years, token holders receive their full initial investment. Repayment sources come from project revenues and cash flows.