The SEC of Thailand has announced its intention to launch a trading platform based on distributed ledger technology.
This platform will allow securities companies to trade digital tokens, the Bangkok Post reported on February 3.
Thai SEC deputy secretary general Jomkwan Kongsakul stated that token investments are gaining popularity and that by allowing securities firms to trade digital tokens, they can leverage their large investor bases.
She further explained the SEC is using technology to improve capital market efficiency by promoting an electronic securities ecosystem.
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The regulator also plans to launch new regulations to facilitate the issuance of electronic securities and enable online purchases of debentures, which are medium- and long-term debt instruments typically used by large companies to borrow money.