“Gulf Energy Subsidiary and Binance Establish Joint Venture for Digital Asset Business in Thailand”

Gulf Energy Development Public Company Limited or GULF notified the Stock Exchange of Thailand that Gulf Innova Company Limited (Gulf Innova), a subsidiary of the Company, holding 100% of shares, entered into a shareholder agreement (Shareholders Agreement) with Binance Capital Management Co., Ltd. to establish a joint venture company, Gulf Binance Co., Ltd. (Gulf Binance) to operate a digital asset business (Digital Asset) in Thailand and apply for a license in Conducting digital asset business with relevant agencies

Most recently, Gulf Binance received a license to operate a digital asset exchange and digital asset brokerage business. from the Ministry of Finance Through the Office of the Securities and Exchange Commission has been completed.

The Gulf Binance digital asset platform will provide a trading system. digital token wallets and cryptocurrency wallets (Cryptocurrency wallets) which focus on security. And compliance with the requirements of the SEC, which is scheduled to open for service by the fourth quarter of this year 2023

this cooperation It combines GULF’s strength and industry experience in Thailand with Binance’s expertise in digital asset technology to help advance the ecosystem. Thailand’s blockchain through the development of digital asset infrastructure and blockchain technology