SET-listed Gulf Energy Development, Thailand's biggest private power producer by market value, has concluded a deal to invest in a digital asset exchange service of the US-based Binance.US through seed funding of an unspecified amount as it continues to grow its digital technology business.
The company invested in series seed preferred stocks issued by BAM Trading Services Inc, the operator of a regulated digital asset exchange under Binance.US in the US.
The value of the investment, made through Gulf's subsidiary Gulf International Investment (Hong Kong), was not disclosed.
