- The Thailand SEC will launch a blockchain-based platform for digital securities trading.
- The system will support tokenized traditional securities and electronic securities.
The Securities and Exchange Commission (SEC) of Thailand plans to launch a distributed ledger technology (DLT)-based platform for trading tokenized securities. This move aims to enhance capital market efficiency and attract more investors. According to the Bangkok Post, the platform will allow securities firms to trade digital tokens, capitalizing on their large investor bases.
Jomkwan Kongsakul, deputy secretary-general of the Thai SEC, highlighted the growing interest in token investments. She stated that the SEC aims to leverage technology to create an electronic securities ecosystem.
The platform will fully digitalize bond trading in both primary and secondary markets. It will cover issuance, settlement, trading, investor registration, and payments. The system will support multiple blockchains, ensuring interoperability across platforms. However, the SEC has not specified which chains will be used.
Is Thailand Redefining Finance with Tokenization?
The SEC has already approved four digital token projects under this new system. Two more projects, focusing on green tokens and investment-based products, are under review. Additionally, the regulator is consulting with five corporate institutions to explore tokenization opportunities, including soft power and green token fundraising.
Kongsakul mentioned that the platform would issue two types of securities: tokenized traditional securities and digital-native electronic securities. This approach will not replace traditional securities but convert them into digital twin products.
The SEC envisions a future where multiple chains operate under unified standards, connected by a shared ledger. Companies with existing DLT infrastructure can develop independent chains, provided they meet interoperability standards.
Thailand’s move towards tokenized securities aligns with its broader digital finance strategy. While crypto payments remain banned, the country plans to launch a Bitcoin payment sandbox in Phuket later this year.
Moreover, the Thai government is reportedly considering issuing a stablecoin backed by government bonds. Although no official announcement has been made, this reflects Thailand’s increasing interest in integrating digital assets into its financial system.
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