Thailand’s Securities Exchange Commission (SEC) is preparing a digital bond trading system, according to the Bangkok Post. However, this will require legislation to support electronic securities and the online purchase of debentures, so the time frame is not clear.
One of the aims is to streamline the issuance of bonds which still involve manual processes and to reduce delays between issuance and the ability to trade newly issued bonds.
The ultimate goal is to digitize the entire process including investor registration, trading and settlement using DLT. It’s expected that there could be multiple blockchains and the government will also provide a shared ledger with which they can interoperate based on shared standards.
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