Token X

Name

Token X

Legal name

Token X Co., Ltd.

Website

https://tokenx.finance

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure & Digital Asset Tokenization Services

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)

akta.pro secondary industries

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH), Transfer Agent, Cap Table & Token Lifecycle Management (registrar, corporate actions, burns/mints) (FSAPAIAF), Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA), KYC/KYB Identity Verification & Onboarding (FSADALAA)

Keywords

• Tokenization services
• ICO portal services
• Enterprise blockchain solutions
• Digital asset issuance
• Blockchain infrastructure

Headquarters

HQ city

Khlong Toei

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. ICO Portal Services: Token X operates as a regulated ICO Portal under Thailand's SEC, providing end-to-end tokenization services. Revenue is generated through fees charged to token issuers for due diligence, filing submission, and facilitating public token offerings. The service includes pre-engagement screening, deep-dive analysis of financial readiness, tokenomics, project feasibility, and management capabilities, culminating in SEC case submission and approval support.
2. TKX Enterprise Solutions: Ready-to-use blockchain solutions including TKX APIs (application integration), TKX Enterprise Portal (token management), Tokenization Consultancy, and Blockchain Technology Provider services. Revenue generated through API usage fees, portal subscription or licensing, and professional services for smart contract development and application integration.
3. TKX Chain Native Token (TKX): TKX is the native token (jet fuel) of the TKX Chain ecosystem, used for transaction fees and within the blockchain network. Revenue may be generated through network transaction fees on the TKX Chain.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Token X is an SEC Thailand-regulated ICO Portal and digital tokenization services provider that guides corporate clients from tokenization ideation through SEC-approved execution. It also operates TKX Enterprise Solutions (APIs and token-management portal) and the proprietary TKX Chain enterprise-grade public permissioned blockchain (Proof of Authority) with TKX Scan live transaction verification, together providing end-to-end tokenization infrastructure for businesses in Thailand.

Product overview

Token X is a comprehensive digital asset and tokenization services platform offering three core products: (1) ICO Portal Services - a SEC-regulated platform for facilitating digital token offerings with full due diligence; (2) TKX Enterprise Solutions - ready-to-use blockchain solutions with TKX APIs and TKX Enterprise Portal for quick tokenization integration; and (3) TKX Chain - an enterprise-grade blockchain network with Proof of Authority consensus. The platform also includes the Token X mobile application for end-user access. All products work together to provide end-to-end tokenization services from ideation to execution for businesses in Southeast Asia.

Differentiator

Problem solved

Functional benefit

Brands

• ICO Portal Services: Regulated ICO Portal under SEC for facilitating digital token offerings, including due diligence on token characteristics and issuer qualifications.
• TKX Enterprise Solutions
• TKX Chain

Products and services

• ICO Portal Services A regulated ICO Portal under Thailand's SEC providing an electronic system for facilitating the offering of newly issued digital tokens, including due diligence on token characteristics, issuer qualifications, and completeness of registration statements and prospectuses. Targeted at Thai corporations seeking fundraising via Investment Tokens and Utility Tokens.
• TKX Enterprise Solutions Ready-to-use enterprise blockchain solutions enabling businesses to integrate onto the TKX Chain, including TKX APIs for application integration, TKX Enterprise Portal for token management (mint, burn, transfer, wallet management), tokenization consultancy, and smart contract development services. Targeted at enterprises seeking blockchain integration without building infrastructure from scratch.
• TKX Chain Enterprise-grade public permissioned blockchain network using Proof of Authority (PoA) consensus algorithm, designed as the backbone of Thailand's digital economy. Includes TKX Scan for live online transaction verification. Secured, fast, and cost-effective with scalable architecture. TKX serves as the native token for transaction fees within the ecosystem. Targeted at enterprises and developers requiring enterprise-grade blockchain infrastructure.
• Token X Application Mobile application available on iOS and Android (App Store and Google Play) enabling end-users to access Token X's digital token investment services. Features fast and secure KYC via SCB Easy app integration, enterprise-grade security, and a user-friendly interface for investing in digital tokens offered via the Token X ICO Portal. Targeted at retail and institutional investors.

Quantifiable outcome

• Over USD 7 billion in capital market transactions advised by team leadership

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• SEC (Thailand Securities and Exchange Commission)coreOthersToken X is a regulated ICO Portal licensed by Thailand's SEC (Office of the Securities and Exchange Commission). The SEC provides regulatory oversight and approval for digital token offerings facilitated through Token X's platform. This regulatory relationship is fundamental to Token X's operations as Thailand's first comprehensive digital token service provider.
• BNK48flagshipStrategic or Co-development PartnerBNK48 (Thai idol group) partnered with Token X to issue the BNK Governance Token, used for voting in GE BNK48 events. Token X provided the full tokenization infrastructure including TKX Chain for transaction recording and TKXScan for live transaction verification. This partnership demonstrated real-world tokenization application for entertainment industry fan engagement.
• RealX (Real Estate Investment Token)flagshipStrategic or Co-development PartnerRealX is Thailand's first investment token with condominium real estate as the underlying asset. Token X as ICO Portal facilitated the token offering, providing regulatory compliance, due diligence, and platform services. This partnership represents a landmark in Thai real estate tokenization.
• SC Morning CoincoreStrategic or Co-development PartnerSC Morning Coin is a 'Live-Work-Play' concept token. Token X provided TKX Enterprise Solutions and/or TKX Chain infrastructure to enable the token ecosystem. The partnership supports the SCBX group's broader digital asset vision.
• ASAP CoincoreStrategic or Co-development PartnerASAP Coin is a comprehensive automotive services token ('one coin for all car-related matters'). Token X provided blockchain infrastructure and enterprise solutions to enable the token offering and management.
• Summer Point Investment Token (SUMX)coreStrategic or Co-development PartnerSummer Point Investment Token (SUMX) is a digital investment token. Token X acted as the ICO Portal for this offering, providing regulatory compliance, token issuance infrastructure, and platform services.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Archax: Archax is a UK FCA-regulated digital securities exchange and tokenization platform. Comparable to Token X as a regulated institutional tokenization venue serving enterprise issuers, though serving UK/European markets rather than Southeast Asia.
• Securitize: Securitize is a global leader in tokenized securities and digital asset issuance, providing regulated end-to-end tokenization infrastructure. Directly comparable to Token X's ICO Portal and TKX Enterprise Solutions offerings, but operating globally versus Token X's Thailand focus.
• InvestaX: InvestaX is an Asia-based (Singapore) tokenization platform for security tokens and digital assets, licensed by MAS. Comparable to Token X as a regulated regional ICO/issuance portal targeting Southeast Asian issuers, with similar SEC-like licensing requirements and enterprise customer base.
• ADDX (now ADDX Global): ADDX is a Singapore-based regulated platform for fractional investing and security tokenization, licensed by MAS. Directly comparable as a regulated tokenization portal for private market and real-world assets, focused on Asian institutional and accredited investors.
• Polymath: Polymath is a security token platform providing tools for issuers to create, manage, and trade regulated digital securities. Comparable as a token issuance and lifecycle management platform, though Polymath focuses on the protocol layer while Token X bundles portal services.
• tZERO: tZERO is a US-based blockchain-based alternative trading system and tokenization platform for security tokens. Comparable to Token X in offering regulated infrastructure for token issuance and trading, though at greater scale and with broader geographic reach.

Broad incumbents

• Fnality International: Fnality is a consortium-backed enterprise blockchain platform focused on tokenized money and wholesale settlement for major global banks. Comparable to TKX Chain as a permissioned enterprise blockchain for financial institutions, though at a global consortium scale versus Token X's Thailand-domestic chain.
• SDX (SIX Digital Exchange): SDX is the digital asset venue of SIX Group, operating a fully regulated trading and settlement infrastructure for tokenized securities in Switzerland. Comparable as institutional-grade regulated tokenization infrastructure backed by an established financial market operator, similar to SCBX's backing of Token X.

Emerging players

• Hydra X: Hydra X is a Singapore-based institutional digital asset trading and tokenization platform. Comparable to Token X in providing regulated infrastructure for tokenized securities issuance and management, with similar enterprise sales-led GTM targeting Asian financial institutions.

Regional players

• Bitkub: Bitkub is Thailand's largest licensed cryptocurrency exchange. Comparable as a Thai-licensed digital asset platform operating under SEC oversight, though focused on crypto trading rather than primary token issuance; potentially a downstream distribution partner for Token X offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TokenX.Official
• LinkedInlinkedin.com/company/tokenxth

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Token X