SEC of Thailand Prepares DLT Platform for Digital Assets

• SEC of Thailand is planing to launch a DLT-based trading platform to enable securities firms to trade digital tokens more efficiently.
• Former PM Thaksin Shinawatra supports crypto and online gambling legalization to boost Thailand’s economy and attract foreign investments.

The Securities and Exchange Commission of Thailand (SEC) is planing to launch a distributed ledger technology (DLT)-based trading platform that will enable securities firms to exchange digital tokens. The action is supposed to affect Thai investment patterns and create new prospects for the digital finance industry.

🚨JUST IN: SEC OF THAILAND PLANS TO LAUNCH DLT-BASED TRADING PLATFORM FOR SECURITIES FIRMS TO TRADE DIGITAL TOKENS

— BSCN Headlines (@BSCNheadlines) February 3, 2025

SEC of Thailand Embraces DLT for Faster and Transparent Token Trading

The Thai SEC has moved boldly in adopting a DLT-based trading system among the rising popularity of digital assets. Securities companies will be able to trade digital tokens on the platform in a more open and quick fashion. Moreover, the system will entirely digitize the bond trading process from issue to settlement.

Leveraging their current investor base, SEC of Thailand Deputy Secretary-General Jomkwan Kongsakul said the regulator will give securities companies freedom to trade digital tokens. Moreover, new rules are ready to promote online bond purchases and electronic securities issuing.

DLT to Streamline Debt Trading as Thai SEC Reviews New Projects

The debt instrument trading procedure will be quicker and more effective using this DLT-based solution. From investor registration to payment, all stages—digital as well—will be conducted.

On the other hand, the Thai SEC is also looking into a number of digital token initiatives slated for inclusion into this system. Four projects have been approved thus; two more are under evaluation. Fascinatingly, the initiatives that have been turned in include investment-based ones as well as green tokens, which might draw money from different industries.

Besides that, as previously mentioned in our report, former Thai Prime Minister Thaksin Shinawatra also supported the legalization of online gambling and cryptocurrencies as means of boosting the nation’s economy and drawing foreign capital.

He argues that well defined rules are essential to enable this industry to grow free from negative social effects. Thailand is actually expected to generate more than 100 billion baht in annual tax income from just online gaming alone.

Thailand Expands Blockchain Use in Finance and Investments

Thailand is definitely growing more and more serious about implementing blockchain technology for several financial purposes. As we previously reported, Siam Commercial Bank (SCB) launched Thailand’s first stablecoin-based cross-border payment system in October. At a less cost than traditional ways, this system lets transactions happen 24 hours a day without halting.

On the other hand, the Thai SEC is also drafting rules letting investment money into digital assets. Still, this will only be offered to institutional investors with rigorous legal standards. This strategy seeks to guarantee the stability and security of Thai digital financial industry.