The Thai Securities and Exchange Commission will launch a blockchain-based digital token trading platform

On February 4th, the Thai Securities and Exchange Commission (SEC) plans to launch a blockchain-based trading platform that allows securities companies to trade digital tokens on the platform, marking an important step in the development of Thailand's digital finance. The move aims to modernize Capital Markets and use distributed ledger technology (DLT) to improve the efficiency of securities trading. Jomkwan Kongsakul, Deputy Secretary-General of the Thai SEC, stated that the growing demand for tokenized investments in the market has prompted regulatory agencies to create a fully digital bond trading system.

 

The platform will support primary and secondary markets, covering settlement, investor registration, payment, and trading processes, and has multi-chain interoperability. The SEC is also developing new regulations to simplify the publishing of electronic securities and the online purchase process of long-term debt instruments - bonds. The plan has approved four digital token projects, with two more under review, focusing on green tokens and investment-based projects. The SEC envisions establishing a shared ledger system that connects multiple blockchain networks to ensure seamless and secure cross-chain transactions. Against this evolving backdrop, two types of securities will be published: tokenized traditional securities and fully digitized native electronic securities to meet the needs of institutional and retail investors.