Thailand SEC Plans DLT Trading Platform for Digital Securities

Thailand's Securities and Exchange Commission (SEC) is set to launch a distributed ledger technology (DLT)-based trading system aimed at modernizing the country's securities market. This initiative, led by Deputy Secretary-General Jomkwan Kongsakul, seeks to improve market efficiency by reducing the traditional bond trading process from 7-14 days to facilitate quicker transactions and enhance liquidity. The SEC has approved four digital token projects with a focus on green tokens and investment-based initiatives, while two additional projects are under review. The new system will enable securities firms to trade digital tokens and will support both electronic securities and tokenized traditional securities, allowing firms to either utilize their own DLT infrastructure or the SEC’s public chain. The integration of this technology is expected to streamline processes such as settlement and investor registration, ultimately benefiting a broader range of investors. Overall, the SEC aims to create a more accessible and efficient capital market through this innovative approach.