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VEWC (Via East West Capital), a Southeast Asia-based investment company, has become the first company of its kind in the world to curate a security token offering for a theme park. The company, through its node block investment technology, offers its clients the opportunity to manage their investment with 100% transparency. It is one of the few blockchain investment platforms to do so. The firm is also the first capital investment firm to offer its clients real-world assets tokenized. One of the firm’s tokenized assets is the Legend Siam theme park project. This park is the first and only cultural theme park in Thailand. We spoke to VEWC to get a scoop on the security token offering of the Legend Siam Theme park.
How Big the Investment Project Is
The Legend Siam Theme Park is an internationally renowned destination located in Thailand Pattaya, a popular tourist location in the world. The theme park size is 65 acres, with the total value of the entire project being worth $131 Million. Some unique features of the park include 1,000 slots for car parking space, 100 buses, and a holding capacity of 20,000 visitors. Now that is a significant investment package VEWC had there. Legend Siam Theme Park is currently operating at full capacity, which includes a total of eight operating attractions.
The theme park promises to attract thousands of visitors not only locally but also internationally, Some of the key attractions in the theme park include theatres that can hold up to100 seats, Mirror Mezz, haunted house, (Awarded Top 5 most scary haunted house). Temple Fair (Viking/ Carousel/ Ferris Wheel), Siam Village Time Machine, Queen Of Naga, Lord Indra Erawan Elephant, Floating Market, and 140 shops that offer all local Thai products and local Thai food, this includes the main restaurant for all-day dining which includes up to 800 seats. Legend SIAM provides an all in one experience for all families, something that is being well received in Thailand.
World’s First Security Token Offering For A Theme Park
The methods of delivering the theme park experience are as advanced as they come in any industry. However, the systems behind all of these are sorely lacking. The experience of booking tickets and organizing the visit is often a lot more stressful than it needs to be, and anything that minimizes this process is likely to be well received. That was the opportunity that VEWC saw when the company became the first investment platform in the world to offer STO to a tradition theme park.
VEWC tokenized Legend Siam Coins (LST) on their private blockchain. Following the move, investors can now invest in the VEWC platform. The Legend Siam Tokens are Reg D approved and filed into the SEC USA, blue sky. The token presents holders with the unique opportunity to gain an indirect fragmented equity ownership stake in this iconic property. One of the notable benefits of the tokenization is that it simplifies investment for business people from across the globe. Foreign investors will not only be able to put their money in the theme park, but they will also be in a position to track the investment process using blockchain technology. Any investors participating in the deal were required to be accredited as a part of upholding transparency.
VEWC’s Objective for the Future Regarding STO
Security tokens will enable a vast new array of investment capabilities. VEWC aims to establish a strong relationship with all its investors and international partners. The firm does this with the intent of creating exceptional value by working hard to acquire and cultivate profitable investments strategically. With a transparent, globally-connected market enabling instantly transferrable, liquid investment contracts for issuers and investors both, the world may be seeing the creation of a new standard for security offerings. The infrastructure is now in place, but the innovation of security tokens does not stop with just liquidity and revenue distribution models.
According to Shen King, VEWC’s CEO, there will be a rise in the potential and demand for tokenized securities because digital ownership on the blockchain provides so many advantages over legacy investments, and tech-savvy investors see the value proposition in real-time.
VEWC provides 100% transparency to all its investors. The Legend Siam Token not only represents a new coin on the market that is asset-backed, but it also establishes a blueprint for future real estate tokenization. The future of real estate investing is one that provides global exposure, transparency, public access, and liquidity, all of which are elements that can be delivered through VEWCs blockchain technology.
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