Thailand SEC Is Promoting New Tokenized Securities Trading Platform

Thailand SEC is launching a blockchain-based trading platform to facilitate the digital trading of tokenized securities.

The initiative aims to enhance capital market efficiency and give investors wider access to digital assets, including tokenized bonds and investment-focused securities.

The SEC’s new regulations will streamline the issuance and trading of electronic securities, ensuring smoother processes for both primary and secondary markets.

Four tokenized projects have already been approved, with two more under review, particularly in the green finance and investment sectors. The platform will also support the trading of debentures via digital tokens, significantly improving the local bond market.

Jomkwan Kongsakul, the SEC’s deputy secretary-general, said that the current bond trading process is inefficient, with purchases taking up to 14 days to be cleared for secondary market trading.

Additionally, bond issuers face delays due to the manual processing of large amounts of data. The new system aims to address these issues, with the goal of fully digitalizing bond trading, including settlement, investor registration, and payment processing.

The Thailand SEC’s digital securities plan includes two types of offerings: traditional securities digitized for the platform and new, electronic securities created specifically for the platform. While details on the blockchain network have not been disclosed, the SEC assures that future interoperability standards will allow integration with multiple blockchain systems.