Thai SEC to launch DLT-based platform for digital securities trading

Thailand develops a trade -based trade -based trade system to modernize the country’s securities market.

According to a February 3 report From the Bangkok Post, the Securities and Exchange committee of Thai wishes to digitize the capital markets such as the exchange of bonds and the issue of securities by launching a commercial platform based on the DLT, allowing companies of securities to participate in digital token markets.

Jomkwan Kongsakul, the assistant secretary general of the Commission, stressed an increasing interest in tokens investments, which prompted the regulator to put pressure for an electronic securities ecosystem.

The planned system should digitize each stage of bond trading, the emission and regulations for registration and payments of investors, reducing ineffectures in the traditional process.

Currently, the purchase of bonds on the primary market can take up to two weeks before they become negotiable, while accessibility problems and liquidity constraints limit the participation of investors. Kongsakul noted that manual processes and paperwork delays added to these challenges, arguing System powered by DLT This offers faster transactions, real -time exchanges and a split property.

Without disclosing details, Kongsakul added that the Thailand’s digital titles market will support both electronic titles, which are issued and negotiated as entirely digital digital agents, and traditional tokenized titles.

Companies with an existing blockchain infrastructure can exploit independent channels as long as they meet interoperability standards, while others can use the public chain of the dry at lower cost.

“In the future, there can be several trade chains. Via DLT trade on all systems is connected by a large shared book, which should be completed soon, “said Kongsakul.

The SEC has already approved four digital tokens projects in the new system, with two others under examination, including green tokens and investment -based products. The regulator also engages with other stakeholders to explore the possibilities of tokenization in areas such as financing for the soft power and sustainable finance, added the report.

This decision is part of Thailand’s greatest push towards digital finance, even if cryptographic payments remain prohibited.

As before reported By crypto.News, a pilot program announced by Deputy Prime Minister Pichai Chunhavajira last month in Phuket is preparing to allow foreign tourists to pay with a cryptocurrency, giving regulators a test report to study the real risks .

More recently, local media reported The government of Thailand discreetly weighs the idea of ​​issuing a stable supported by state obligations. The Minister of Finance, Pichai Chunhavajira, would have discussed the concept with the dry at a recent meeting, according to Jinshi sources. However, there has not yet been an official confirmation.

Last year, the Thai central bank seal The Hong Kong Monetary Authority to explore cross -border tokenization projects in order to develop use cases in areas such as commercial financing.