Thailand’s Securities and Exchange Commission (SEC) announced its plan to launch a DLT-based trading platform. This aims at digitizing capital markets, including bond trading and securities issuance.
The Thai SEC’s move comes in response to the increasing interest in tokenized investments.
Jomkwan Kongsakul, the commission’s deputy secretary-general, insisted on the need for an electronic securities ecosystem to cater to this demand.
According to local media reports dated 3 February 2025, Kongsakul said that token investments are gaining traction. “The regulator has approved four digital token projects and is reviewing two more, focusing on green tokens and investment-based projects.”
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No Specific Timeline For DLT Based Platform To Be Completed
The planned platform will digitize every step of the bond trading process—from issuance and settlement to investor registration and payments. This marks a significant departure from manual processes that currently dominate the market.
“In the future, new regulations will be launched to facilitate the issuance of electronic securities and online purchases of debentures,” Kongsakul said.
Furthermore, she said that competition will not be restricted. This is because the firms with their own DLT infrastructure can develop independent chains, provided they maintain interoperability under a unified standard.
“A standardised framework for data connectivity within the digital securities ecosystem is essential. Those without their own chain can utilise the SEC’s public chain at a reasonable cost,” said Kongsakul.
While Kongsakul mentioned that the shared ledger system is expected to be completed soon, no specific timeline has been provided.
BREAKING – Thailand’s SEC is stepping up with a blockchain-based securities trading platform!
Features include:
1⃣ Full digitization of bond trading for primary & secondary markets
2⃣ Coverage of settlement, trading, investor registration & payment processes
3⃣… pic.twitter.com/ZDeJpbsngM
— CryptoKing (@Crypto_China) February 3, 2025
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Thailand’s Former PM Advocates For Crypto Legalization, Suggests Using Bitcoin For Debt Settlement
Meanwhile, Thailand’s former Prime Minister, Thaksin Shinawatra, also expressed optimism about the potential of cryptocurrencies to revolutionize the financial landscape in Thailand.
Shinawatra made a push for Thailand’s financial institutions to be more open to cryptocurrency. He cited incoming US President Donald Trump’s pro-crypto stance.
Thaksin suggested that Thailand should adopt global crypto trends, such as using Bitcoin for debt settlement and introducing Real World Asset (RWA) tokenisation – trading blockchain-based digital tokens representing tangible physical assets.
He also unveiled plans for a cryptocurrency sandbox project in Phuket. Hence, Bitcoin transactions will be state-managed to minimise risks.
Furthermore, Shinawatra insisted that the Thai SEC should have a more digital approach, “like allowing trade of stablecoin, or coin that are backed by assets.”
He also thinks that Paul Atkins as the head of US SEC is a good sign.
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