Thailand may launch tokenised securities trading system
Thailand SEC launches DLT-based trading platform for securities firms.
The Securities and Exchange Commission of Thailand is set to launch a distributed ledger technology (DLT)–based trading platform for securities firms.
The move is part of an ongoing effort to modernize the capital market and expand digital asset trading amid rising institutional interest, reports Cointelegraph.
Enhancing the Electronic Securities Ecosystem
Deputy Secretary-General Jomkwan Kongsakul told reporters that the new platform will allow securities companies to trade digital tokens, facilitating an electronic securities ecosystem that increases efficiency in bond trading, settlement, investor registration, and payment processes. Four digital token projects have already been approved for the SEC’s DLT-based debt instrument trading system, with two additional projects—focusing on green tokens and investment-based initiatives—under review.
The system is designed to support multiple blockchains with interoperability standards, promising a connected shared ledger for future cross-chain transactions. Under the proposed framework, two types of securities will be issued: tokenized traditional securities and digital-native electronic securities.
Regulatory Reforms and Market Maturation
The move comes as Thailand’s crypto market continues to mature, with a growing focus on institutional adoption of both tokenized securities and other crypto assets. Binance Thailand CEO Nirun Fuwattananukul recently noted the shift toward a more regulated and innovative market environment. While the Thai central bank still prohibits crypto for payments, there are plans to launch a Bitcoin payment sandbox on Phuket later this year to provide foreign visitors with an alternative payment option and allow regulators to assess associated risks in a controlled setting.
Looking Ahead
The SEC’s initiative represents a significant step in aligning Thailand’s financial markets with global digital asset trends. In parallel, former Thai Prime Minister Thaksin Shinawatra has advocated for the trade of stablecoins and digital tokens backed by tangible assets, and the government is reportedly considering a stablecoin backed by government bonds. These reforms could further solidify Thailand’s position as a regional leader in blockchain innovation and digital finance.
Recently we wrote, that former Thai Prime Minister Thaksin Shinawatra has proposed legalizing online gambling and adopting stablecoins to boost Thailand’s economy.
