BlockBeats reported that on October 10, the Securities and Exchange Commission of Thailand (SEC) has proposed new regulations to allow mutual funds and private equity funds to invest in digital assets in line with international developments and in response to the growing interest of institutional investors.
The draft proposal released on Wednesday is seeking public feedback to revise the standards for fund investments in digital assets. The SEC proposed allowing securities firms and asset management companies to provide services to large investors interested in diversifying their investments into crypto-related products, such as exchange-traded funds (ETFs).
The regulator said the goal is to align with international digital asset developments and provide investors with more portfolio diversification opportunities under expert management. The proposal follows a surge in international demand for U.S.-listed Bitcoin and Ethereum ETFs.