Thailand’s SEC Set to Launch Blockchain-Based Trading Platform

Thailand's Securities and Exchange Commission (SEC) is preparing to introduce a blockchain-based platform designed to facilitate digital token trading for securities firms.

The initiative aims to capitalize on growing investor interest in token investments and expand the country’s electronic securities market.

Jomkwan Kongsakul, the SEC’s deputy secretary-general, emphasized the role of technology in boosting the efficiency of Thailand’s capital markets. The platform will support trading of tokenized securities, enabling online transactions of both debentures and electronic securities, which are digital-native assets. This move is part of an effort to modernize the country’s financial ecosystem.

The SEC has already approved four digital token projects for the new system, with two additional projects under review focusing on green and investment-based tokens. The digital platform will cover bond trading in both primary and secondary markets, with a focus on interoperability across multiple blockchains. Details regarding the specific blockchain networks have not been disclosed.

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The introduction of tokenized and electronic securities represents a significant step toward integrating digital assets into traditional financial systems. This shift comes as Thailand continues to evolve its crypto landscape, with Binance Thailand CEO Nirun Fuwattananukul noting a trend toward more institutional participation in tokenized securities and crypto investments.

While cryptocurrency payments remain banned in Thailand, there are plans to launch a Bitcoin payment pilot program in Phuket for foreign tourists later this year. Additionally, the Thai government is reportedly exploring the possibility of launching a stablecoin backed by government bonds, though no official announcement has been made yet.

Kosta Gushterov