PANews reported on February 4 that according to Cryptonews, the Securities and Exchange Commission of Thailand (SEC) plans to launch a blockchain-based trading platform that will allow securities companies to trade digital tokens on the platform, marking an important step in the development of digital finance in Thailand. The move aims to promote the modernization of the capital market and use distributed ledger technology (DLT) to improve the efficiency of securities trading. Jomkwan Kongsakul, deputy secretary-general of the Thai SEC, said that the growing market demand for tokenized investments has prompted regulators 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 will have multi-chain interoperability. The SEC is also developing new regulations to simplify the issuance of electronic securities and the online purchase process of bonds, the company's long-term debt instruments. Four digital token projects have been approved under the program, and two more are under review, focusing on green tokens and investment-based projects. The SEC envisions the establishment of a shared ledger system that connects multiple blockchain networks to ensure seamless and secure cross-chain transactions. In this evolving context, two types of securities will be issued: tokenized traditional securities and fully digital native electronic securities to meet the needs of institutional and retail investors.
