Avantis completes US$2.83 million in Series A financing and will launch SANGA, a digital asset tokenization platform

According to the "Bangkok Post" report, Avantis, a digital asset tokenization platform for land ownership in Thailand, announced the completion of a 100 million baht (approximately US$2.83 million) Series A financing, led by J Ventures Company Limited (JVC) and Rende Development Company Limtied. Avantis said the new funding will push the company to launch a digital asset tokenization platform called "SANGA," which will facilitate the issuance of digital land title deeds by converting them into virtual land parcels, or NFTs, "SANGA" In the future, it will also expand to the field of digital banking, which is expected to be launched in the next 1-2 years.