Key Takeaways:
- Thailand’s SEC is launching a blockchain-based trading platform for tokenized securities, enhancing digital asset integration.
- The platform will support digitized bond trading, multiple blockchain interoperability, and electronic securities issuance.
- Thailand’s crypto landscape is evolving with institutional adoption, a Bitcoin payment pilot, and discussions on a government-backed stablecoin.
Thailand’s Securities and Exchange Commission (SEC) is set to launch a blockchain-based trading system for digital tokens, aiming to enhance efficiency in the capital market.
The new platform will enable securities firms to trade tokenized assets using their investor networks.
🚨JUST IN: SEC OF THAILAND PLANS TO LAUNCH DLT-BASED TRADING PLATFORM FOR SECURITIES FIRMS TO TRADE DIGITAL TOKENS
— BSCN Headlines (@BSCNheadlines) February 3, 2025
According to SEC Deputy Secretary-General Jomkwan Kongsakul, the initiative supports the issuance of electronic securities and the online purchase of debentures (long-term debt instruments).
The SEC has already approved four digital token projects, with two more under review, focusing on green tokens and investment-based assets.
The system will fully digitize bond trading, covering trading, settlements, investor registration, and payments, while supporting multiple blockchain networks with interoperability features.
🚀 The SEC of Thailand is launching(https://t.co/DebKGyecMn…) a DLT-based trading platform for securities firms to modernize its capital markets, enabling efficient trading, settlement, and investor registration by supporting multiple blockchains and both tokenized traditional… pic.twitter.com/r08CbA9vWD
— Traders Union (@TradersUnion_TU) February 3, 2025
Specific blockchains have not been disclosed, but a shared ledger is planned for seamless connectivity.
Additionally, the SEC will issue two types of securities: tokenized versions of traditional assets and fully digital-native securities.