Thai regulator to introduce tokenized bonds
Date: 2025-02-04 Author: Gabriel Deangelo Categories: IN WORLD
SEC Deputy Secretary General Jomkwan Kongsakul noted that the high interest of investors in tokenized assets prompted the regulator to create a new system. It is expected that the introduction of DLT technology will ensure the complete digitalization of all stages of work with bonds - from issuance and settlements to registration of investors and payments. Kongsakul emphasized that this approach will make operations more efficient compared to traditional methods.
At the moment, the process of purchasing bonds on the primary market takes up to two weeks, which creates inconvenience for investors. Difficulties in accessing assets and limited liquidity further complicate investment activities. In addition, a significant part of transactions is carried out manually, which entails delays in document processing. The regulator is confident that the transition to DLT will automate these processes and reduce transaction times to a minimum.
In addition to working on tokenized bonds, Thailand's SEC began exploring the prospects of creating Bitcoin exchange-traded funds (ETFs) in January. These investment vehicles could be offered to both retail and corporate investors, opening up new avenues for exposure to digital assets.
