"Token X" to partner with girl group BNK48's agency "iAM" to launch "BNK Governance Token" on iAM48 application, opening up new opportunities for the Thai entertainment industry through digital tokens
Token X Co., Ltd., an SCB 10X Co., Ltd. subsidiary under the SCB Group, has partnered with Independent Artist Management Co., Ltd. (iAM), an agency for girl groups BNK48 and CGM48, to announce the success on the launching of the “BNK Governance Token” on the iAM 48 application. The move aims to promote the “Decentralized Good Governance” principles for iAM event management and increase engagement between support groups and artists like never before by combining blockchain and tokenization technology to bring new prospects for the Thai entertainment industry. The achievement reaffirms Token X's slogan of being a “Tokenization Success Partner” for Thailand’s leading corporate clients from various industries.
In announcing the news, Token X Chief Operating Officer Rujipol Virochpoka said, “One of Token X's key business goals is to become a blockchain technology provider for corporate clients from leading industries. Token X works closely with customers to research and develop blockchain and tokenization systems to provide solutions for their business needs, including the development of ready-to-use utility tokens. For the latest collaboration, Token X is involved as a Technology Provider providing full-suite-tokenization-service for the BNK Governance Token project. Services include design and development of a system to connect iAM applications to a blockchain system, along with designing various technological infrastructures to create a seamless user experience. The move reflects both organizations’ commitment to upgrading the Thai entertainment industry beyond current limits, creating unique experiences, and allowing support groups to be even closer to their favorite artists by participating in new types of activities. This partnership reinforces Token X's commitment to bringing cutting-edge technology to the business sector and working closely with partners until projects can be successfully rolled out to the market.”
As an agency of popular girl groups BNK48 and CGM48, Independent Artist Management (iAM) Chief Financial Officer Amporn Sombutareepanich said, “iAM has collaborated closely with Token X in studying the adoption of the blockchain system to enhance the experience for support groups and introduce exciting new features on the iAM48 application. With this project, we are excited and delighted to continue our collaboration further with the development of a BNK Governance Token for the iAM48 application. The new utility tokens aim to promote “Decentralized Good Governance” for iAM activities to ensure transparency. BNK Governance Tokens will serve to foster closer engagement between support groups and artists as never before, offering governance voting for artist activities, redemption or receipt of special member rewards, joining the BNK Token Holder Program, and more. As iAm is now preparing for a much-awaited General Election event that will take place in late February, the new approach will reassure supporters and artists in the use of new technologies. iAm plans to continually organize more activities using utility tokens to create engaging experiences for support groups.
Those interested in the "BNK Governance Token" can visit https://www.bnk48.com for more information. The iAM48 application can be downloaded at Apple App Store or Google Play Store.
About Token X Co., Ltd. (Token X)
Token X Co., Ltd. is a subsidiary of SCB 10X Co., Ltd. under the SCB Group. Pursuing its aspiration of becoming a “Tokenization Success Partner,” the company is equipped with capable teams and personnel ready to offer total digital token solutions, covering consulting, tokenomics design, selecting the right technology, and initial coin offering (ICO) portals. The company is currently waiting for ICO portal license activation by the Securities and Exchange Commission. Service under this project is provided by Token X in its capacity as a technology provider which is separated from its service scope as an ICO portal.
About Independent Artist Management
Independent Artist Management Co., Ltd. is a music label and agent for Thai girl idol groups BNK48 and CGM48. Officially debuting on June 2, 2017, with 29 members, BNK48 is the second overseas sister group of the Japanese AKB48 Group. CGM48 is the AKB48 Group’s second sister group in Thailand. BNK48 and CGM48 have 82 members in total and their music has enjoyed over 1 billion baht in sales.
AKB48 debuted in 2005 with 6 domestic sister groups and 8 overseas sister groups. They are among the highest-earning musical acts in Japan. Their music has enjoyed sales of over 7 billion baht, with over 50 million singles and 6 million albums, making the group the highest selling musical act in Japan in terms of singles sold.