Thailand SEC DLT depends on the digital symbol and the trade bonds trade

The Thailand Securities and Stock Exchange Committee (SEC) is preparing to implement the DLT debt trading system. The main goal is to encourage securities companies to engage in the circulation of the digital symbol.

According to JOMKWAN KONGSAKUL, who coincides with SEC’s Deputy Secretary -General, the organizer has already agreed on four digital symbolic projects and is about two additional evaluation, focusing on green symbols and investment -based initiatives.

Blockchain debt tool trading

Kongsakol Make up Buying bonds from the initial market requires 7-14 days before they are available for trading in the secondary market. Investors also face challenges such as limited access to certain products, high cost and lack of liquidity for some bonds.

Meanwhile, exporters deal with wide hand leaves, which are vulnerable to delay and errors. As such, it is expected to ensure the use of DLT efficiency, and simplifying operations while processing barriers in the capital market.

The regulatory authority aims to digitize the entire bond trading system across both the primary and secondary markets, cover the settlement, trading, registration of investors, and return payments. Kongsakul emphasized that the competition will remain open, as their DLT infrastructure can create independent chains, as long as it guarantees the ability to operate within a unified standard.

A unified framework for data connection within the ecosystem of digital securities is very important. Companies with whose chains cannot reach the SEC’s general series at a reasonable cost. To move forward, multiple trading chains may appear, with all DLT systems linking the joint professor’s book, which is expected to be completed soon.

The current financial products will remain, but will be converted into digital counterparts to facilitate smooth transactions on the DLT network. This approach enhances fracture trading at low costs and enhances liquidity by bringing more participants, while enabling transactions in actual time simultaneously, and reducing settlement issues.

In addition, the organizer is developing the SEC open API data platform to provide comprehensive data on all listed companies to help investors make better analyzes and make more intelligent investment decisions.

Experimental plan for encryption payments

As part of her transfer to embrace digital assets in 2025, it was useful for a country of Southeast Asia to study an experimental plan for encryption payments in Foucape. Finance Minister Pichai Chhhnhavagira previously expressed his support for the adoption of digital assets, citing the growing global demand and geopolitical factors.

However, he admitted that Thailand is not fully prepared and aims to create a platform to verify users and facilitate encryption transactions. The proposed system will allow tourists to register their digital assets on local stock exchanges to buy property and payments, with automatic conversion to Thai packet. The pilot will work within a regulatory sand fund, ensuring compliance with the current legal frameworks.

However, the challenges that include the opposition of the Thailand Bank remain decentralized assets, the restrictions that prevent foreigners from reaching local stock exchanges, and the upcoming tax reforms that may affect foreign investments.