# Cryptomind Group aims to establish Thailand as Asia’s new hub for Web 3.0

- Link: https://www.thailand-business-news.com/companies/130423-cryptomind-group-aims-to-establish-thailand-as-asias-new-hub-for-web-3-0
- Published: 2024-03-11T14:02:36+07:00
- Author: J. Allan

Cryptomind Group, Thailand’s digital assets financial services, has set its goal
to target 3 billion baht in assets under management for this year.

## Key Takeaways

 * Cryptomind Group aims to position Thailand as Asia’s new Web 3.0 hub by strengthening
   digital communities and providing support to local tech startups.
 * The company plans to achieve a three-fold increase in assets under management,
   targeting 3 billion baht, supported by the rising value of cryptocurrencies.
 * Cryptomind Group is focused on fostering Thailand’s digital assets foundation,
   organizing Thailand Blockchain Week 2024, and providing insightful analytical
   data to support the growth of the digital assets industry.

Cryptomind Group’s CEO, Sanjay Popli, outlined the company’s 2024 strategic direction,
aiming to make Thailand Asia’s new Web 3.0 hub. The group targets 3 billion baht
in assets under management, capitalizing on the rising value of cryptocurrencies.
Sanjay projected a 12-18 month bull run fueled by factors like Bitcoin ETF approval
and regulatory clarity, advising Thai investors to allocate some portfolio amount
to cryptocurrency.

ADVERTISEMENT

The company explained that its current objective is backed by the recent rising 
values of the cryptocurrency market. Bitcoin is the main example of its recently
increasing value, reaching a near-all-time high of around US$68,000.

Sanjay Poli, the CEO of Cryptomind Group, advised the company’s clients to invest
some of their money in the cryptocurrency market following the upcoming Bitcoin 
Halving and the local regulatory clarity.

He added that Cryptomind Group has been a pioneer in Thailand’s digital asset financial
industry since 2017,  stating that the company is ready to expand thanks to its 
recent Serie-A fundraising round that brought in 120 million baht.

Finally, Poli concluded by saying that Thailand has the potential to become the 
regional hub of the crypto industry, stating that this year, Crytomind Group will
focus on Web 3.0 application and implementation support.

## The crypto market in Thailand

Thailand is becoming one of Southeast Asia’s fastest-growing markets for the cryptocurrency
industry.

According to [Statista](https://www.statista.com/outlook/fmo/digital-assets/cryptocurrencies/thailand),
the revenue of the cryptocurrency market is projected to reach US$292.7m in 2024.
They show an annual growth rate (CAGR 2024-2028) of 8.05%, resulting in a projected
total amount of US$398.9m by 2028, and the average revenue per user in the Cryptocurrencies
market amounts to US$19.0 in 2024

Some of the main factors behind the growth of the crypto market in Thailand are:

•  Government support: The Thai government has legalized and regulated cryptocurrencies
and digital asset platforms, creating a transparent and supportive environment for
the sector.

### Related**Posts**

###  󠀁[Tokenised Deposits vs Stablecoins: Why Thailand’s Cautious Path Differs from Hong Kong and Singapore](https://www.thailand-business-news.com/banking/321239-tokenised-deposits-vs-stablecoins-why-thailands-cautious-path-differs-from-hong-kong-and-singapore)󠁿

###  󠀁[Nestlé is pouring billions into pet food projects in Rayong, Thailand](https://www.thailand-business-news.com/companies/326769-nestle-is-pouring-billions-into-pet-food-projects-in-rayong-thailand)󠁿

###  󠀁[Thailand’s OECD Bid Is Colliding With Its Oligopoly Problem](https://www.thailand-business-news.com/business/325713-thailands-oecd-bid-is-colliding-with-its-oligopoly-problem)󠁿

###  󠀁[Nominee Directors in Singapore: Rules and Risks for Foreign Companies](https://www.thailand-business-news.com/business/310533-nominee-directors-in-singapore-rules-and-risks-for-foreign-companies)󠁿

•  Demand for digital assets: The Thai population is becoming more tech-savvy and
interested in alternative financial services. Cryptocurrencies offer a way to invest,
transfer money, and make purchases online with speed, security, and privacy.

•  Increase in innovative startups: Thailand has a vibrant startup ecosystem focuses
on developing new technologies and applications for blockchain and cryptocurrencies.
These startups attract significant investment and foster innovation and growth in
the sector.

Cryptomind Group is a leading digital asset platform in Thailand that offers various
services and products related to blockchain and cryptocurrencies. The group was 
founded in 2017 by a team of experts passionate about the potential and value of
digital assets. The financial group comprises four companies specializing in aspects
of the digital asset industry: Cryptomind Advisory, Merkle Capital, Elkrem Capital,
and Cryptomind Asset. Cryptomind Advisory provides consulting, education, and marketing
services for blockchain and crypto projects.