EddieJayonCrypto

 11 Feb 25

tl;dr

The article discusses the Thai SEC's plans to launch a decentralized ledger technology (DLT) trading system for digital tokens. This system aims to enhance the efficiency of trading, particularly for bond markets, by reducing costs and manual paperwork. The SEC has also approved several tokenization...

Tokenization is gaining momentum in Thailand, prompting the country's securities watchdog to introduce a cutting-edge trading system for digital tokens. The Securities and Exchange Commission (SEC) of Thailand, headed by deputy secretary-general Jomkwan Kongsakul, is on the verge of launching a decentralized ledger technology (DLT) based trading platform. This move aims to boost trading efficiency and reduce operational costs in the securities market.

Thailand's bond trading sector has been grappling with challenges such as illiquid markets and limited retail trader access. However, the introduction of DLT is set to address these issues by streamlining processes and eliminating the need for manual paperwork. This innovative approach is set to transform the traditional securities trading landscape in Thailand.

Aside from the DLT trading system, the SEC has greenlighted various tokenization projects. Moreover, there are talks of introducing a Thai stablecoin, which will be backed by government bonds in collaboration with the Bank of Thailand. Although the governor of the Bank of Thailand has expressed some reservations about digital asset projects, the collaboration signifies a significant step in the direction of digital transformation in Thailand's securities market.

Overall, Thailand's increasing focus on leveraging digital technology to modernize its securities market is poised to make investing more accessible and efficient for both institutional and retail investors. The adoption of DLT and tokenization projects signals a promising future for Thailand's financial industry, showcasing a commitment to staying at the forefront of technological innovation.

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