The Thai SEC is set to revolutionize its capital markets by introducing a debt instrument exchange platform powered by Distributed Ledger Technology (DLT). This initiative aims to enhance participation from securities firms in digital token transactions as part of its broader strategy to embrace financial innovation. Jomkwan Kongsakul, Deputy Secretary-General of the Thai SEC, emphasized that there is a rising trend in token investments, prompting the approval of four digital token initiatives with two more under review, specifically targeting green tokens and investment-based tokens.
The SEC’s commitment to digitizing the entire bond trading system encompasses critical processes such as settlement, trading, and investor registration across both primary and secondary markets. Jomkwan highlighted the importance of maintaining a competitive landscape; firms equipped with their own DLT infrastructure may create independent chains, provided they adhere to established interoperability standards. A comprehensive framework for data connectivity within the digital securities environment is essential to facilitate seamless transactions. Moreover, companies lacking their own chains can access a public chain offered by the SEC at a reasonable cost.