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Property

Thai startup receives go-ahead to sell fractions of properties

Bangkok-based fintech to help small investors buy pieces of prime real estate

A Thai fintech startup is preparing an all-in-one portal that will allow big property owners to fractionalize their holdings and small investors to buy and trade the fractions. (Screen shot from Fraction website)

BANGKOK -- Thai fintech startup Fraction cleared its final regulatory hurdle and is on its way to helping property owners fractionalize their stakes in real estate, then sell the tiny pieces to small investors for as little as 5,000 baht ($150).

The Security and Exchange Commission recently awarded Fraction a license to set up an initial coin offering portal, according to a statement released by the company on last Thursday. ICO portals screen listings of not only cryptocurrencies but all digitized assets in a blockchain, verifying issuers' identities and suitability, and conducting due diligence.

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