- Thailand SEC is to launch the DLT trading platform
- It enables to issuance of tokenized and electronic securities
- Also medium-to-long-term debt instruments
The Securities and Exchange Commission of Thailand is set to launch a distributed ledger technology-based trading platform that will allow companies to trade tokenized traditional securities and electronic securities.
More About Thailand SEC’s Trading Tokenization
Thailand continues to make pro-crypto moves and is starting to catch up with the rest of the pro-crypto countries in South Asia. In particular, according to the Bangkok Post, the Securities and Exchange Commission of Thailand plans to launch a distributed ledger technology-based trading platform in an effort to fully digitalize trading.
This platform will provide full-cycle bond issuing and trading for both primary and secondary markets, covering settlement, trading, investor registration, and payment processes, making it much easier and unified for securities companies to trade digital tokens to capitalize on their large investor bases.
Jomkwan Kongsakul said:
“The SEC is leveraging technology to enhance efficiency in the capital market by promoting an electronic securities ecosystem. New regulations will be launched to facilitate the issuance of electronic securities and online purchases of debentures, or medium-to-long-term debt instruments used by large companies to borrow money.”
At the same time, the platform will support two main types of securities, namely tokenized traditional securities and electronic securities, but its expansion into blockchains and stablecoins is already planned.
Jomkwan Kongsakul added:
“In the future, there may be multiple chains for trade. Trading through DLT on all systems is connected by a shared ledger, which is expected to be completed soon.”
Conclusion
Thailand started its pro crypto movement before the Trump administration in the US, but probably now sees an additional incentive to do it sooner.
Thailand may even be able to overtake its neighbors who stepped on pro-crypto integrations earlier if, of course, it continues to do so with the same intensity.
Be aware and stay tuned.
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