Thailand wants to build a system to revamp the digital trading of securities token amid lingering challenges in the sector.
Thailand’s Securities and Exchange Commission (SEC) is working on a blockchain-based distributed ledger technology platform to facilitate digital token trading among securities firms.
According to a report from The Bangkok Post on Monday, Capital Market Supervisory Board Deputy Secretary General Jomkwan Kongsakul stated that the platform will help securities firms by reducing processing delays and paperwork.
Faster Bond and Digital Token Trading with Digitization
Purchasing bonds from Thailand’s primary market takes up to 14 days before they can be traded in the secondary market. This is partly due to bond issuers being required to process large amounts of data manually, leading to delays, inefficiency, and reduced productivity.
The financial oversight agency plans to digitize bond transactions to address this fully. This will cover settlement, trading, investor registration, and return payments.
“In the future, new regulations will be launched to facilitate the issuance of electronic securities and online purchases of debentures,” Kongsakul said.
The new system will support tokenized versions of traditional securities and digital native assets issued and traded on the blockchain.
It is worth mentioning that the SEC has already approved four digital token projects and is reviewing two more focused on green tokens and investment-based projects. Additionally, five firms are in early discussions with the regulator to launch similar initiatives.
Digital Securities and Private Sector Participation
Furthermore, the regulatory agency also plans to allow private firms to develop their blockchain networks as long as they follow a unified regulatory framework. This would link all trading systems with a shared ledger, making the market more efficient and transparent.
“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,” Kongkasul said in the report.
Ms. Jomkwan Kongsakul also mentioned that the board is developing an Open API data platform. This tool will enable investors to analyze data from all listed companies, helping them make more informed investment decisions.
Recall that in January 2025, the commission announced plans to explore local Bitcoin ETF offerings. This move aims to expand investment options and strengthen the country’s role in the growing digital asset market.
If approved, it could make Thailand a leader in Southeast Asia’s crypto scene, attracting more global companies and investors. However, the SEC is still reviewing the proposal.
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