Thailand launches a platform for trading tokenized securities

The Securities and Exchange Commission of Thailand (SEC) has announced the launch of an innovative platform for trading tokenized securities.

The system, based on distributed ledger technology (DLT), allows companies to raise funds through digital tokens. According to the regulator, the integration of digital assets into traditional finance is accelerating in line with global trends.

Innovative approaches

The SEC’s Deputy Secretary-General, Jomkwan Kongsakul, stated that the rapid growth of the tokenized asset market requires new regulatory approaches and the development of advanced technologies.

In response, the regulator is developing a comprehensive set of rules aimed at simplifying the issuance of electronic documents and facilitating their online purchase. As part of the new initiatives, a complete digitalization of bond operations is expected, including trading, settlement, and asset freezing.

Additionally, a compliance system will be introduced to ensure compatibility across multiple platforms. Moreover, a decision has been made to issue two types of tokenized assets: traditional documents and digital tokens.

Market development

The SEC currently offers four digital token projects, with two more in development. Among the new initiatives are investments in "green" tokens aimed at sustainable economic growth.

Binance Thailand CEO Nirun Phuvattananukul noted that Thailand’s crypto market is becoming more institutionalized, and the SEC’s initiatives confirm this trend, creating new opportunities for businesses.