Thailand’s SEC plans to launch a blockchain-based debt buying and selling system geared toward boosting digital asset token markets and enhancing capital market effectivity.
Thailand’s SEC to Launch Blockchain-Pushed Debt Buying and selling System
Thailand’s Securities and Trade Fee (SEC) is ready to roll out a blockchain-based debt instrument buying and selling system to modernize its capital markets. The SEC goals to encourage securities corporations to take part within the digital asset token market, which is able to provide new alternatives for fundraising and buying and selling.
SEC Promotes Digital Asset Token Buying and selling
The SEC has already permitted 4 digital asset initiatives and is in discussions with a number of entities about elevating funds by way of digital tokens, corresponding to “smooth energy” and “inexperienced tokens.” The regulator’s deputy secretary-general, Jomkwan Kongsakul, introduced the plans, emphasizing the significance of blockchain and distributed ledger know-how (DLT) in modernizing the monetary system.
What This Means for Thailand’s Capital Markets
Kongsakul highlighted the SEC’s imaginative and prescient of digitizing the bond buying and selling system, together with settlements, buying and selling, and investor registration. She talked about that the SEC is open to corporations growing their very own DLT techniques, so long as they’re suitable with the broader monetary ecosystem.
Moreover, the SEC is engaged on the event of the “SEC Open API” platform, which is able to permit buyers to entry real-time information from listed firms, enabling higher knowledgeable funding choices.
Key Developments Forward
The SEC additionally envisions the potential for a number of blockchains for use for buying and selling and the creation of a shared ledger that connects all techniques. This transfer is a part of Thailand’s broader technique to combine digital asset know-how into the monetary system to extend effectivity and transparency.
With the continued push in the direction of a digital asset-driven future, Thailand’s SEC is setting the stage for a extra trendy, clear, and environment friendly monetary market.
