Tuesday, 02 January 2024 12:17 GMT

Thailand Securities And Exchange Commission Set To Launch Tokenized Securities Trading Platform


(MENAFN- crypto Breaking) The Securities and Exchange Commission (SEC) of Thailand is making strides towards the launch of a new tokenized securities trading system. This innovative system aims to modernize the traditional securities trading process by introducing blockchain technology.

Thailand has been proactive in embracing emerging technologies, especially in the financial sector. The SEC's decision to introduce a tokenized securities trading system reflects the country's efforts to stay ahead of the curve in the digital economy.

By tokenizing securities, the trading process is expected to become more efficient, secure, and transparent. Blockchain technology enables the issuance, transfer, and trading of securities in a digital format, reducing the need for intermediaries and streamlining the overall process.

This move by the Thai SEC is also a significant step towards attracting more institutional investors to the country's capital markets. The tokenized securities trading system is expected to enhance liquidity, lower transaction costs, and provide investors with access to a broader range of investment opportunities.

Overall, the launch of this new trading system signifies Thailand's commitment to fostering innovation and embracing the future of finance. It sets a precedent for other countries to explore the potential of blockchain technology in revolutionizing traditional financial systems.

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