Elevating to another level as being the world’s first decentralized exchange platform that has already received an official license from SEC to connect to users’ digital wallets without holding their assets and with best price guaranteed, KULAP is now all set to launch a digital asset marketplace for all investors.

Mr. Palakorn Yodchomyan, Chief Executive Officer of Satoshi Co., Ltd., the new type of Financial Platform Provider for Digital Asset under a tradename “KULAP,” disclosed about the launch of his decentralized exchange platform using blockchain technology — a total difference from the others.

“KULAP’s platform is outstanding from other digital asset trading boards, as the major of them are mainly on centralized exchange while our platform is based on the decentralized exchange model. All transactions will function under the blockchain system with our platform connected to users’ crypto wallets and holding none of their assets. Therefore, all users can be rest assured that their digital assets will be secure if any unexpected situation occurs,” said Mr. Palakorn.

A Decentralized Exchange, abbreviated as “DEX,” is a digital asset exchange platform which facilitates direct peer-to-peer cryptocurrency transactions and ensure that they will take place online securely and reliably with no intermediary required.

Apart from the distinct service, “KULAP” will also automate the best price in real time for users, and that means they do not have to recheck the asset prices from any other websites. This algorithm also helps cease liquidity problems as all users can individually access digital trading services immediately.

Recently, in June 2020, the platform officially received a license to operate the digital asset business from the Ministry of Finance under the Digital Assets Business Act, B.E. 2561 (A.D. 2018), and the Digital Asset Broker License from the Securities and Exchange Commission (SEC). In November 2020, the SEC has conducted the final audit with granted authorize the license to the company, enabling “KULAP” to completely operate the cryptocurrency exchange on the platform of kulap.io right away.

Mr. Palakorn concluded “at KULAP, we believe that a higher number of assets will potentially be digitized. This is not only about currencies as it also overarches other types of assets, such as gold, land plots, real estate, or even investment units like stocks, funds, or bonds. For those who want to purchase, trade, or exchange digital assets, KULAP’s platform is now fully accessible through https://swap.kulap.io

About KULAP

Satoshi Co., Ltd., or “KULAP,” is a Thai fintech startup established in 2018 by Mr. Palakorn Yodchomyan, Mr. Nuttaphol Nimakul  and Mr. Saran Saengsomboon, who have strong commitment to consolidating a novel form of financial service system which is brisk, subjected to low costs, and accessible by everyone through extensive development under the blockchain technology. At present, the company is entitled to a license granted by the Ministry of Finance to operate a Digital Asset Business in pursuance oft he Emergency Decree on Digital Asset Businesses, B.E. 2561 (A.D. 2018), and the Digital Asset Broker license issued by the Securities and Exchange Commission (SEC) in June 2020.