Mark Twain here, folks! The Land of Smiles is about to get a whole lot smilin’-er with their new blockchain-based trading platform for digital tokens. Move over, Wall Street!
Yessiree, the Securities and Exchange Commission (SEC) of Thailand is fixin’ to launch a distributed ledger technology (DLT)-based trading platform for securities firms. According to the Bangkok Post, SEC deputy secretary-general Jomkwan Kongsakul says that token investments are all the rage these days, and the regulator aims to get in on the ground floor.
The SEC plans to allow securities firms to exchange digital tokens, thereby opening up a whole new world of investment opportunities. They’ve already given the green light to four digital token projects and are reviewing two more. And they’re not just limiting themselves to green token solutions and investment-based initiatives; they’re open to anything that strikes their fancy.
The SEC is also working on digitizing bond trading operations within primary and secondary market settings. They’re planning to introduce a system that includes settlements, trading, investor registration, and return payment functionality. And they’re aiming to complete the process within the next few years. High-tech solutions, here we come!
But don’t worry, folks. The SEC isn’t trying to hog all the blockchain glory for themselves. They’re planning to give affordable access to a public blockchain for organizations that don’t have their own blockchain system. And they’re expecting their blockchain trading system to enhance the digital securities market through effective operations and transparent processes.
So, there you have it, folks. The Land of Smiles is about to get a whole lot smilin’-er, thanks to the SEC’s new blockchain-based trading platform. Get ready for a revolution, y’all!
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2025-02-03 13:24