Catenaa, Tuesday, February 04, 2025 –Thailand’s Securities and Exchange Commission(SEC) is set to introduce a blockchain-based trading platform, allowing securities firms to trade digital tokens in a move aimed at modernizing the country’s financial markets.
The platform will facilitate trading in both primary and secondary markets, integrating investor registration, payments and settlements with multi-chain interoperability. The initiative responds to rising demand for tokenized investments and aligns with broader efforts to enhance the efficiency of securities trading, according to Jomkwan Kongsakul, deputy secretary-general of the Thai Securities and Exchange Commission.
Thailand is also drafting regulations to govern the issuance of electronic securities and streamline online purchases of debentures. Four digital token projects have already been approved, with two more under review, focusing on green and investment-based tokens.
The SEC plans to implement a shared ledger system, connecting multiple blockchain networks to ensure secure transactions. The country is set to issue both tokenized traditional securities and fully digital-native electronic securities, catering to institutional and retail investors.
The digital asset sector in Thailand is shifting toward institutional adoption, though crypto payments remain restricted by the central bank. To explore regulatory frameworks, the government plans to launch a Bitcoin payment sandbox in Phuket later this year, allowing foreign tourists to make crypto transactions under strict oversight.
Thailand is also considering a stablecoin backed by government bonds, though officials have yet to confirm the proposal.
