The Thailand SEC has launched a DLT-based digital asset exchange system aimed at creating a faster and more efficient market.

BlockBeats News, February 5th, the Thai SEC is planning to launch a debt instrument exchange system utilizing Distributed Ledger Technology (DLT) to convince securities firms to participate in digital token transactions while advancing its regulatory efforts in the digital age.

Deputy Secretary-General of the Thai Securities and Exchange Commission, Jomkwan Kongsakul, stated that token investments are gaining popularity. The regulatory body has approved four digital token projects and is reviewing two additional projects, focusing on green tokens and investment-based tokens.

Ms. Jomkwan mentioned that the SEC is preparing to deploy DLT to help develop the capital market in the digital age. The regulator aims for the entire bond trading system to be digitized, including settlement, trading, investor registration, and return payments for both primary and secondary markets.

She noted that competition will not be restricted as companies with their DLT infrastructure can develop independent chains as long as they maintain interoperability under a unified standard. A standardized framework for data connectivity within the digital securities ecosystem is crucial. Ms. Jomkwan stated that companies without their own chain can utilize the SEC's public chain at a reasonable cost.