FWX is thrilled to announce a $2.37 million strategic investment from SAAM Development Public Company Limited (SAAM), a publicly traded company in Thailand. This partnership is a key milestone in SAAM’s shift toward becoming a major player in the digital asset space, laying the groundwork for its transformation into the “MicroStrategy of Thailand.”
The deal is backed and driven by Poramin Insom, a well-known figure in Thailand’s crypto industry. He is the founder of Satang, the country’s oldest regulated crypto exchange, which was later acquired by Kasikorn Bank. He is also the founder of Firo, a privacy protocol listed on Binance since 2017, which has played an influential role in the development of privacy-focused blockchain technology.
This collaboration aligns with FWX’s mission to redefine permissionless leverage trading markets and drive institutional adoption of DeFi. As a cutting-edge permissionless leverage trading platform, FWX empowers users with advanced trading tools, deep liquidity, and seamless access to leverage markets. With the upcoming integration of FWX AI, we are pushing the boundaries of automated, AI-driven trading strategies, making DeFi more intelligent and efficient than ever.
By leveraging FWX’s liquidity infrastructure and AI-driven innovations, SAAM is making a bold entrance into the digital asset space, building a robust liquidity provision business that will play a key role in the future of on-chain finance. Together, FWX and SAAM are driving a new era of digital asset adoption in Thailand, bridging traditional capital with next-generation financial technologies.
This collaboration extends beyond investment—it is a strategic alliance to position SAAM as a major player in Thailand’s digital asset industry, mirroring MicroStrategy’s role in the global Bitcoin market. Through continuous development, knowledge sharing, and ecosystem expansion, FWX and SAAM will work together to establish SAAM as a leading force in Thailand’s Web3 landscape.
The era of digital asset adoption in Thailand has arrived, and FWX is proud to be at the forefront of this movement. Stay tuned as we continue to build, innovate, and push the boundaries of decentralized finance.
About SAAM
SAAM Development Public Company Limited (SAAM) is a Thai publicly listed company specializing in renewable energy project development and investment. With a diverse portfolio spanning solar, wind, hydro, biomass, and geothermal energy, SAAM has steadily expanded its footprint in both energy and emerging sectors. As it continues to evolve, SAAM remains committed to innovation, sustainability, and strategic growth in both domestic and international markets.
About FWX
FWX is a permissionless leverage trading platform that lets users create their own leveraged trading and lending markets with zero listing fees on AVAX, Base, and BNB Chain. Now, FWX is evolving with FWX AI—an AI-driven hedge fund that automates futures, options, and arbitrage strategies, optimizing yield with minimal risk and making institutional-grade investment tools accessible to all. FWX is backed by leading Banks in Thailand (KXVC+Beacon VC from KBANK and Finnovate from BAY) along with GBV Capital, Avalanche Blizzard Fund, Kyber Ventures, Varys Capital, etc.