Thailand is developing a distributed ledger technology-based trading system to modernize the country’s securities market.
Jomkwan Kongsakul, the commission’s deputy secretary-general, highlighted a growing interest in token investments, which prompted the regulator to push for an electronic securities ecosystem.
The planned system is expected to digitize every step of bond trading, from issuance and settlement to investor registration and payments, reducing inefficiencies in the traditional process.
Without disclosing any details, Kongsakul added that Thailand’s digital securities market will support both electronic securities, which are issued and traded as fully digital assets, and tokenized traditional securities.
Firms with existing blockchain infrastructure can operate independent chains as long as they meet interoperability standards, while others can use the SEC’s public chain at a lower cost.
“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,” Kongsakul explained.
The SEC has already approved four digital token projects under the new system, with two more under review, including green tokens and investment-based products. The regulator is also engaging with other stakeholders to explore tokenization opportunities in areas like soft power funding and sustainable finance, the report added.
The move fits into Thailand’s bigger push toward digital finance, even as crypto payments stay off-limits.
