Thailand SEC Plans Blockchain-Based Trading Platform

According to PANews, the Thai Securities and Exchange Commission (SEC) is set to launch a blockchain-based trading platform, enabling securities companies to trade digital tokens. This initiative marks a significant step in the development of Thailand's digital finance sector. The move aims to modernize capital markets and enhance the efficiency of securities trading through distributed ledger technology (DLT). Jomkwan Kongsakul, the SEC's Deputy Secretary-General, noted that the growing demand for tokenized investments has driven the regulatory body to create a fully digital bond trading system. The platform will support both primary and secondary markets, covering settlement, investor registration, payment, and trading processes, with multi-chain interoperability. The SEC is also working on new regulations to streamline the issuance of electronic securities and the online purchase process for corporate long-term debt instruments, such as 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 connecting multiple blockchain networks to ensure seamless and secure cross-chain transactions. In this evolving landscape, two types of securities will be issued: tokenized traditional securities and fully digital native electronic securities, catering to both institutional and retail investors.