Thailand's Stock Exchange intends to launch an authorized digital stock exchange this year. To this end, he intends to apply to the Ministry of Finance for granting a license to trade in digital securities. If the project comes to fruition, SET will become one of the few global stock exchanges that run a digital platform independent of the traditional stock exchange. Thailand is also targeting the market security tokens.
The Management Board of SET emphasizes that the stock market shareholders have expressed their desire to trade in digital assets. SET intends to achieve an advantage over licensed digital asset exchanges in both capital and confidence levels.
The Thai Stock Exchange gives itself time to enter the digital asset market, due to the fact that some companies still remain true to traditional solutions. Nevertheless, many securities trading companies expect SET to apply for a license.
The popularity of digital assets will be greater if the more understandable this sector becomes for investors. The leaders of the security tokens market are currently Singapore and Maltahowever, it should be borne in mind that this is an emerging market that is still growing and developing dynamically. There are more and more countries trying to appear on it, including Thailand.