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    Home»Crypto News»Thailand's SEC Set to Launch Blockchain-Primarily based Buying and selling Platform
    Thailand's SEC Set to Launch Blockchain-Primarily based Buying and selling Platform
    Crypto News

    Thailand's SEC Set to Launch Blockchain-Primarily based Buying and selling Platform

    By Crypto EditorFebruary 3, 2025No Comments2 Mins Read
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    Thailand’s Securities and Alternate Fee (SEC) is getting ready to introduce a blockchain-based platform designed to facilitate digital token buying and selling for securities companies.

    The initiative goals to capitalize on rising investor curiosity in token investments and broaden the nation’s digital securities market.

    Jomkwan Kongsakul, the SEC’s deputy secretary-general, emphasised the function of know-how in boosting the effectivity of Thailand’s capital markets. The platform will help buying and selling of tokenized securities, enabling on-line transactions of each debentures and digital securities, that are digital-native belongings. This transfer is a part of an effort to modernize the nation’s monetary ecosystem.

    The SEC has already accepted 4 digital token initiatives for the brand new system, with two extra initiatives beneath evaluation specializing in inexperienced and investment-based tokens. The digital platform will cowl bond buying and selling in each major and secondary markets, with a concentrate on interoperability throughout a number of blockchains. Particulars relating to the particular blockchain networks haven’t been disclosed.

    The introduction of tokenized and digital securities represents a big step towards integrating digital belongings into conventional monetary methods. This shift comes as Thailand continues to evolve its crypto panorama, with Binance Thailand CEO Nirun Fuwattananukul noting a development towards extra institutional participation in tokenized securities and crypto investments.

    Whereas cryptocurrency funds stay banned in Thailand, there are plans to launch a Bitcoin fee pilot program in Phuket for overseas vacationers later this 12 months. Moreover, the Thai authorities is reportedly exploring the potential of launching a stablecoin backed by authorities bonds, although no official announcement has been made but.

    Thailand's SEC Set to Launch Blockchain-Primarily based Buying and selling Platform





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