Thailand SEC plans to launch a tokenized securities trading platform details

Thailand is actively embracing digital assets, and government departments are exploring the application of cryptocurrencies and stablecoins, and even considering issuing national stablecoins supported by government bonds.

The China Securities Regulatory Commission (SEC) plans to launch a tokenized securities trading platform

According to reports, Thailand's SEC will soon launch a brand new tokenized securities trading platform and allow securities companies to conduct tokenized securities trading to improve trading efficiency and expand the investment market. In addition, the SEC also plans to introduce new regulations to facilitate companies to issue electronic securities and allow investors to purchase corporate bonds online. Four token projects have been approved, and two are under review, including green tokens and digital asset investment projects.

All digital transactions emphasize cross-chain interoperability

SEC report shows that the platform will realize the comprehensive digitalization of securities transactions, covering functions such as bond transactions (first and secondary markets), settlement and payments, investor registration and multi-chain support. Although the SEC has not announced the specific supported blockchain, officials said there may be multiple blockchains in the future and connect to ensure transparency and efficiency of transactions through shared ledger technology.

The pilot program of crypto payments was launched

Thailand's crypto market is developing rapidly and is gradually turning to institutional investor-led. Although the Bank of Thailand still bans daily payments using cryptocurrencies, to assess its feasibility, the government plans to launch a cryptocurrency payment pilot program in Phuket, allowing foreign tourists to use cryptocurrency to make payments and observe market reactions.

The Thai government's increasingly open attitude towards digital assets, further confirming this trend, former Prime Minister Thaksin Shinawatra has proposed the possibility of issuing stablecoins secured by government bonds.

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