FROM ONE COIN TO ONE CONDO ZIPMEX FACILITATES FIRST REAL ESTATE SALE VIA CRYPTO
May 11, 2021
Asia’s leading digital asset platform, Zipmex, hits a new milestone with its latest partnership with One.Six Development Company Limited for the purchase of real estate via crypto.
Through ZipSpend, Zipmex’s latest program, home buyers can now purchase properties via crypto currencies listed under Zipmex as it continues to merge businesses towards a cashless society as the world continues to embrace cryptocurrency as preferred option in payment.
One.Six Development was co-founded in 2017 by a next-generation of real-estate developers, Tanyatip Chearavanont and Chawin Athakravisunthorn. The company’s flagship project, a joint venture with the world-class Magnolia Quality Development Corporation Limited (MQDC) features a mixed-use residential experience in the Thonglor area, targeting urbanites with the need for luxury, convenience, and a sense of community at the front of Thonglor road.
“I started the company with Tanya with the aim of setting a new benchmark in Thailand’s property industry. Our flagship, The Strand Thonglor, is the epitome of world-class development standards coupled with a strong lifestyle element for our discerning customers, who appreciate understated luxury and functional design. My prior career overseeing all aspects of JP Morgan’s investment banking business made me realize that we need to capture the rising tides of cryptocurrency adoption. We are excited to enter this partnership with Zipmex — accepting cryptocurrency is just the start. We are already making plans to launch NFTs on their new platform as well as exploring a real-estate backed token (ICO) for our future projects targeting investors throughout Asia Pacific.” stated Chawin Athakravisunthorn, Managing Director of One.Six Development.
“At Zipmex, we believe that everyday is a new day, a new way of thinking, and a new start. Not only are we the preferred platform for newcomers to the digital assets industry, but it is our priority to help people invest and trade wisely with the goal to increase their wealth and pursue their dreams. This announcement is more than just about the ability to buy a condominium or a car with crypto — it’s allowing people to actually be able to afford those things. With our ZipUp and ZipLock products, we have people on our platform that are getting bonuses on a daily basis (up to 16% APY), which means they’re able to pay off their mortgages to buy their dream homes/car. For a company that entered the Thai market less than 10 months ago, I think we’ve definitely brought in many innovative financial products and services to all our investors,” adds Proud Limpongpan, Chief Strategy Officer of Zipmex Asia.
“We are a real estate development company that focuses on quality over quantity. We believe that every project we develop must become an appreciating asset- in line with our motto “Building Consciously”. This is done with a focus on long-lasting quality of construction, timeless design, unbeatable locations, and exclusive number of units. Zipmex is a great partner for us as we both have similar visions and focus on high-quality customer service, and strategic partnerships with the arts. Additionally, our overlap of customer profiles is a major reason why we wanted to partner with them. At the end of the day, we want to provide the best services to our customers ” states Tanyatip Chearavanont, CEO of One.Six Development
Akalarp Yimwilai, CEO and Co-Founder of Zipmex Thailand, added that “It is no doubt that digital assets have now become a lot more mainstream than they were a year ago. Currently, you can pay your deposits with crypto but you can’t pay your closing costs with gold. It’s going to have to be converted, it’s going to have to be a while more before regulation changes and allows the final transfer of ownership without a traditional bank paper trial.”
Zipmex has been at the forefront of integrating the realm of crypto payment into the everyday lifestyle, proving itself to be more than just another crypto-exchange. The company boasts 50x increase in assets under management and 250x revenue increase in the past six months. With 3800 M baht in all-time high daily transactions over the Songkran period, and a strong database of mass to premium customers, the incredible growth story has brought in numerous inbounds from partners all around the region. In addition, Zipmex and One.Six Development marches the beginning of their partnership activities with Corporate Social Responsibility (CSR). Both companies address the importance of giving back to the society, especially in such a difficult time during the COVID-19 situation, by donating essential items including COVID-19 test kits, face masks, alcohol gel and cooking ingredients to the Human Settlement Foundation (HSF).
(Left to Right: Chawin Athakravisunthorn, Managing Director of One.Six Development, Tanyatip Chearavanont, CEO of One.Six Development, Akalarp Yimwilai, CEO and Co-Founder of Zipmex Thailand, Proud Limpongpan, Chief Strategy Officer of Zipmex Asia)
Zipmex is one of leading digital assets exchange platforms in South East Asia and the fastest growing with a focus on providing retail and institutional investors the tools and convenience to trade digital assets securely. Thailand’s pioneer of commission-free investing, making your money work for you. Our Digital Assets Exchange License has been issued by Thailand’s Ministry of Finance and is regulated by the Securities and Exchange Commission. The Company is also currently operating in a regulatory-compliant manner in Singapore, Australia and Indonesia.
One.Six Development Corporation Limited (One Point Six Development) is a real estate company operated by a new generation of executives with the vision to build quality developments upon the principle of longevity, sustainability, and legacy. The company is determined to bring Thailand’s real estate industry to world-class excellence, ready to establish a new standard of the industry by creating the best in everything. The company is built upon the motto “Building Consciously”, underscoring the paradigm shift of the luxury real estate market to focusing on quality, sustainability, experience, and exclusivity. For more information, visit www.thestrandthonglor.com and Facebook: https://www.facebook.com/onesixdevelopment.
Magnolia Quality Development Corporation Limited (MQDC)
Magnolia Quality Development Corporation Limited (MQDC) is a company under DTGO Corporation Limited. It develops, invests in, and manages villa, condominium, and mixed-use projects with a mission ‘for all well-being’. Based on its ‘sustainnovation’ philosophy, MQDC is determined to develop properties sustainably. MQDC’s operational strategy cares for all living things on the planet while simultaneously striving to create sustainability for the society at large. For more information, please visit our website: www.mqdc.com | Facebook: www.facebook.com/MQDC.For.All.Well.Being
About the One.Six Development Founders:
The eldest granddaughter of Dhanin Chearavanont of CP Group, Tanyatip was educated in the US since the age of 15, graduated from The University of Pennsylvania in 2013 with a bachelor’s degree in architecture design and art history. She then went on to work for Ogilvy & Mather in New York and Sotheby’s before landing a job Hongkong Land, where she can began to realize her interest in real estate.
Chawin is an International Relations graduate of the prestigious London School of Economics and Political Sciences (LSE). Prior to founding the company, he was an investment banker at JP Morgan for more than four years.