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Capital Trust Group Proposes a $200 Billion Smart City Development Along Thai Canal

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Summary: Capital Trust Group is an emerging digital asset platform. Recently, the company is pleased to announce its new proposal of a $200 Billion Smart City.

Auckland, New Zealand–(Newsfile Corp. – March 4, 2023) – Capital Trust Group Limited, a significant investment management firm, has announced its involvement in the Thai Canal Project, a groundbreaking initiative that is set to transform the country’s economic landscape. The project involves linking the Gulf of Thailand and the Andaman Sea via the Kra Isthmus in southern Thailand, potentially and drastically reducing travel times as well as streamlining the heavily trafficked trade routes.

The Thai Canal Project has been on the cards for over 300 years, but now, the Project Founding Members believe the time is right to bring it to fruition. Despite the Thai Government’s rejection of the original canal plan, the Project Founding Members are determined to make their vision a reality and have created a groundbreaking concept that will bring a “Smart City” to life. This $200 billion endeavor will prioritize net zero emissions, making it an exemplar of sustainable, low-carbon living. The intent is to couple the proposed Smart City with the proposed Canal Project to create a social, environmental and economical ecosystem with enough national and international benefits to outweigh the disadvantage of building the Canal.

To facilitate investment in the project, Capital Trust Group will establish an escrow fund at a Swiss bank account exclusively for institutional investors who wish to become early stakeholders.

The coupling of the proposed Smart City with the proposed canal would have a snowballing effect, first on the aggregated economic value of the Canal Project, second on the overall prosperity of Southern Thailand, and third on the balanced economic rise of Thailand. The new Smart City next to or close to the Canal would become a new major city and a new hub of commerce and integrated industries domestically and internationally. The business and job opportunities as well as the distribution of wealth geographically would be much more balanced than ever before.

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Leading the charge is Mr. Sitipon Charoenkajonkul, a Thai businessman and the Chairman of Best Bonded Warehouse Co.,Ltd. and Best Ocean Golf Co.,Ltd., which owns Asia’s first Private Jet Residence Project. 

Consequently, the Thai Canal Project represents a paradigm shift in sustainable development, and its success will undoubtedly have far-reaching implications for the region and beyond. The Project Founding Members are inviting all institutional investors who share their vision of a more prosperous, sustainable, and inclusive future than ever for Thailand and the world, to join them in making history.

About the Company – Capital Trust Group (CTG)

Capital Trust Group (CTG) is a primary investment management firm that provides a range of investment management services to institutional investors worldwide. Established in 2011 and headquartered in Auckland, New Zealand, CTG has grown to become a globally investment management firm, specializing in wealth management, asset management and fund management by utilizes an asset tokenization platform to create new blockchain-based products and manage day-to-day digital asset operations.

For further information, visit: https://www.ctgportal.com

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Media Details:

Company Name: Capital Trust Group Limited
Contact Person: Peter Wises

Tel: +64 9-889 9076
Company email: [email protected]
Company website: https://www.ctgportal.com
Country name: New Zealand

Facebook: https://www.facebook.com/ctgclub
Telegram: https://t.me/ctgprime

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/157065

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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