Token X, a subsidiary of SCBX Group, joins real estate firm SC Asset Corporation to create the ready-to-use utility token "SC Morning Coin" for Ruejai, SC's after-sales service management application.
According to Nuttaphong Kunakornwong, chief executive of SC Asset, the development of SC Morning Coin is under the concept of "Live -- Work -- Play" to provide customers with benefits such as privileges or discounts on purchases of goods and services from SC Asset and other partners.
He said the coin will be developed on TKX Chain, Token X's blockchain.
The token is estimated to be available on the Ruejai app by the fourth quarter of this year, said Mr Nuttaphong.
"The coin will be crucial in enhancing the access of customers, employees and business partners to solutions from internal and external ecosystems," he said.
Jittinun Chatsiharach, chief executive of Token X, said the company aims to be a top technology provider for industry leaders in many sectors.
The collaboration with SC Asset is a huge step in Token X's expansion into the real estate industry, she said.
Ms Jittinun said Token X will provide one-stop service or end-to-end tokenisation service that includes consultancy services on development of the coin, as well as technical support in creating a working system that will connect the application to the blockchain.
"This partnership will combine Token X's strong blockchain technology capabilities and knowledge with SC's vision to embrace advanced technologies in order to provide clients with superior services and solutions," she said.
The token would make it easier, more accessible, and faster for everyone to enjoy a variety of benefits, said Ms Jittinun.
