The Thailand SEC has proposed a plan that could expand investment options for mutual and private funds, allowing investments in digital assets.

Aligning with Global Trends

The Thai SEC’s proposal reflects the growing international interest in cryptocurrencies, particularly after the approval of U.S.-listed Bitcoin and Ethereum ETFs. While Thai investors have had access to these ETFs abroad, domestic funds have been limited in their ability to invest in digital assets directly.

New Opportunities for Companies

Under new rules, securities companies and asset management firms would be permitted to offer services to institutional and high-net-worth investors for crypto-related products. For retail mutual funds, there is a proposed 15% cap on digital asset exposure.

Distinguishing Between Assets

The SEC's draft guidelines aim to differentiate between high-risk assets like Bitcoin and stablecoins like Tether. Fund managers will need to exercise caution and fulfill fiduciary responsibilities when selecting investment channels.

The Thai SEC continues to explore digital asset innovation through its regulatory sandbox, reinforcing Thailand's position as a forward-looking nation in the cryptocurrency space.