The Thai Securities and Exchange Commission (SEC) has a debt equipment transaction equipped with distributed ledger (DLT) to encourage securities companies to engage in digital token transactions while strengthening the regulatory monitoring of the digital era. We plan to introduce a system.
Jom Kwan Consult, Deputy Secretary -General of SEC, pointed out that token investment is gaining momentum.
Regulatory authorities have approved four digital token projects and are currently making two more reviews focusing on green token and investment -based initiative.
In addition, five other parties have consulted SECs about potential funding solutions, such as soft power tokens and green token innovation.
According to Jom Kwan, Thai securities companies are allowed to trade digital tokens and utilize large -scale investor basis.
“SEC utilizes the technology to enhance the efficiency of the capital market by promoting the electronic securities ecosystem.”
She said.
“In the future, new regulations will be introduced to promote the issuance of electronic securities and the purchase of online bonds.”
Currently, the purchase of bonds in the primary market takes 7 to 14 days that can be traded in the distribution market.
Investors also face issues such as restrictions on access to specific products, high costs, and non -liquidity. On the other hand, the issuer handles manual data processing, leading to delay and error.
The use of advanced technology is expected to rationalize these processes, making them faster and more accurate.
The SEC aims to completely digitize both primary and distribution markets, covering settlement, transactions, investors registration, and returns.
According to Jomkwan, the competition was still open. Companies with their own DLT infrastructure have stated that they can develop independent chains as long as they comply with standardized frameworks to ensure interoperability.
Companies without their own chains can use SEC public chains at reasonable costs.
“In the future, there may be multiple chains for trade. Transactions via DLT in all systems are connected by a shared ledger that will soon be completed.”
Jom Kwan Consult said.
Two types of securities issuance will appear. Digital native products created directly by DLT and conventional products converted to digital format.
The latter is a twin product that can be traded in the DLT system, enabling fractional trading, cost reduction, higher liquidity, real -time transactions, and settlement problems.
In addition, the SEC has developed a SEC Open API Data Platform, providing access to listed companies and supporting investors to make decisions based on more information.
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