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Thailand's Stock Exchange intends to launch an authorized digital stock exchange later this year. To this end, it intends to apply to the Ministry of Finance for a license to trade in digital securities. If the venture is successful, SET will become one of the few global stock exchanges operating a digital platform independent of the traditional exchange. Thailand is also targeting the market security tokens.
SET's management board emphasizes that the stock exchange shareholders have expressed their willingness to start trading digital assets. SET aims to gain an edge over licensed digital asset exchanges in terms of both capital and confidence levels.
The Thai stock exchange gives itself time to enter the digital asset market, as some companies still remain faithful to traditional solutions. Nevertheless, many securities traders 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.
