The Securities and Exchange Commission of Thailand is set to launch a trading platform utilizing distributed ledger technology for securities firms to trade digital tokens. The Thai SEC noted a growing interest in token investments and aims to enhance capital market efficiency by establishing an electronic securities ecosystem. New regulations will facilitate the issuance of electronic securities and online purchases of debt instruments. The initial phase includes four approved digital token projects, with additional projects focusing on green tokens and investment initiatives under review. The system will fully digitalize bond trading for both primary and secondary markets while supporting various chains for interoperability. Two types of securities will be developed: tokenized traditional securities and electronic securities that operate as digital-native assets. While the use of crypto for payments remains banned by the central bank, a pilot program for a Bitcoin payment option is planned for Phuket to assess risks in a controlled environment. There are also discussions within the government regarding a potential stablecoin backed by government bonds.

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