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Thai ’go’ for securities on blockchain

Thailand's parliament has voted to legalize issuance of tokenized securities like stocks and bonds.

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Detailed guidelines from Thailand’s Securities and Exchange Commission (SEC) are expected to follow in the coming month – after the recent approval by the nation’s legislative assembly to have the securities and exchange act updated.

Act, then guidelines

The act will be amended to allow for issuance of tokenized securities such as stocks and bonds, report media including Coindesk, which in turn refers to Bangkok Post.

Complements a decree

According to the reports, the SEC will be specifying which security token offerings will respectively fall under the securities act and under a royal emergency decree on digital asset business which has so far regulated crypto businesses in Thailand.

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