Catenaa, Thursday, February 13, 2025 – The Thailand Securities and Exchange Commission (SEC) is set to implement a Distributed Ledger Technology (DLT)-based system for debt instrument trading, aimed at enhancing digital token trading.
The SEC has already approved four digital token projects and is reviewing two more, with a focus on green tokens and investment-driven initiatives.
According to Jomkwan Kongsakul, deputy secretary-general of the SEC, the new system will address inefficiencies in bond trading, such as delays, high costs, and limited product access. By digitalizing the bond trading process across both primary and secondary markets, the SEC hopes to streamline settlement, trading, investor registration, and return payments.
The DLT framework will allow firms to operate independent chains, provided they adhere to interoperability standards. Companies without their own chains can access the SEC’s public chain at a low cost, promoting fractional trading, reducing costs, and improving liquidity by enabling real-time transactions.
Additionally, the SEC is developing an Open API data platform to provide investors with comprehensive company data to make more informed decisions.
Thailand is also considering a pilot scheme for crypto payments in Phuket, enabling tourists to register digital assets for property purchases and transactions. However, challenges remain, including opposition from the Bank of Thailand and regulatory hurdles.
