19 Companies Eye Fund Mobilisation Through Investment Tokens Under Digital Asset Act

Jomkwan Kongsakul, deputy secretary-general of the SEC, said 19 companies are involved in the pre-consultation process with the commission regarding raising funds via investment tokens.

Nineteen companies, mostly real estate and software businesses, have expressed interest in raising funds through investment tokens under the Digital Asset Act, according to the Securities and Exchange Commission (SEC).

Jomkwan Kongsakul, deputy secretary-general of the SEC, said the 19 companies are currently engaged in the pre-consultation process with the commission regarding raising funds via investment tokens.

Three companies have already successfully raised funds by issuing digital tokens, with a total project value of 4.8 billion baht. These include the SIRI Hub project of property firm Sansiri for 2.4 billion baht, Real Estate Exponential Co, and Special Destiny's Love Destiny project.

The SEC is keen on supporting the private sector in raising funds through investment tokens, with a focus on technology, fair competition and investor protection, said Ms Jomkwan.

“The SEC would like to see small businesses and soft power enterprises have easier access to fundraising, especially through digital tokens. Real estate groups that are capable of raising funds through tokens backed by their assets could help increase investment confidence in the capital market,” she said.

This month, the regulator revised the criteria for digital assets, adjusting the rules for ready-to-use utility tokens, both for the offering of digital tokens in the primary market and supervision of the secondary market.

The SEC also launched a digital asset regulatory sandbox project to allow parties to test the provision of useful digital asset services and develop capital market innovations under supervision.

In addition, the regulator developed criteria for digital asset exchanges to set appropriate rules in line with international standards, offering a more effective mechanism to protect investor benefits. Exchange rules must comply with the minimum principles and standards set by the SEC.

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