The Thai Bond Market Association is exploring using blockchain for corporate bond transactions. According to the
Bangkok Post, the local SEC has agreed to the system in principle, and the platform will launch next month.
The system aims to speed up the settlement process. There’s a three-phase rollout, and after the third phase, the settlement will be almost real-time as opposed to the current two days. This should cut the duration of the entire process from 1-3 days to 7-10 days.
Additionally, there will be no middlemen between the bond traders and the Thailand Securities Depository.
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