The Securities and Exchange Commission (SEC) of Thailand plans to launch a distributed ledger technology (DLT)-based platform for trading tokenized securities. This move aims to enhance capital market efficiency and attract more investors.
New Platform for Tokenized Securities
The platform will allow securities firms to trade digital tokens, capitalizing on their large investor bases. Jomkwan Kongsakul, deputy secretary-general of the Thai SEC, highlighted the growing interest in token investments.
Innovations in Securities Trading
The platform will fully digitalize bond trading, including issuance, settlement, trading, investor registration, and payments. The system will support multiple blockchains, ensuring interoperability, although the specific blockchains have not been specified.
The Future of Digital Assets in Thailand
The SEC has approved four digital token projects under this new system, with two more focusing on green tokens and investment-based products under review. Additionally, the regulator is consulting with five corporate institutions on tokenization opportunities.
Thailand's move towards tokenized securities aligns with its broader digital finance strategy. While crypto payments remain banned, the country plans to launch a Bitcoin payment sandbox later this year.
