Thailand SEC plans to launch tokenized securities trading system
The platform will allow securities companies to trade digital tokens to capitalize on their large investor bases, according to the Securities and Exchange Commission of Thailand.
The Securities and Exchange Commission of Thailand is planning to launch a distributed ledger technology-based trading platform for securities firms to trade digital tokens.
The deputy secretary-general of the Thai SEC said that token investments were gaining traction and the regulator will allow securities companies to trade digital tokens to capitalize on their large investor bases, the Bangkok Post reported on Feb. 3.
“The SEC is leveraging technology to enhance efficiency in the capital market by promoting an electronic securities ecosystem,” Jomkwan Kongsakul said, adding, “new regulations will be launched to facilitate the issuance of electronic securities and online purchases of debentures,” or medium-to-long-term debt instruments used by large companies to borrow money.
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Author: Martin Young
