After the precipitous drop in initial coin offering (ICO) investments, several companies are regrouping and planning security token offerings (STOs). The latest Asian venture with such intentions is Satang Corp, a Thai-based crypto exchange operator, Nikkei Asian Review reported.

Satang is undertaking the token sale with the support of the Thai government, which aims to turn the country into a regional blockchain hub. The Satang Pro exchange had a 24-hour volume of 912,424 Tether (USDT) as of December 5.

According to CEO Poramin Insom, Satang aims to conduct the ST…

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