The first field will be a complete digitization of the capital market infrastructure in order to provide paperless operations. The second direction will be building a new ecosystem that will support digital assets in order to create new opportunities and transform the investment landscape.
SET President Pakorn Peetathawatchai stated that the exchange is ready to start creating a new digital asset ecosystem, adding that such an initiative will be a turning point that will take the Thai capital market to the next level.
The SET’s plans to launch a regulated digital asset exchange were first reported in January, with the SET’s board of governors’ vice chair Pattera Dilokrungthirapop revealing that the national stock exchange plans to apply for a digital asset operating license from the country’s Ministry of Finance in 2019.
Recently, the Thai Securities and Exchange Commission’s reportedly authorized the first initial coin offering (ICO)-focused portal that allows for the screening of ICOs, as well as performing due diligence, confirming smart contract source codes and conducting Know Your Customer procedures.