Thailand is moving closer to a digitalised capital market following the Securities and Exchange Commission’s new regulatory framework supporting tokenised funds. Under the new rules, mutual fund units may be issued and transacted in the form of digital tokens, allowing fund subscription and redemption to be conducted with greater speed, efficiency, and accessibility.
This development reflects a broader policy direction to modernise Thailand’s financial infrastructure and support the use of blockchain technology in asset management. Tokenisation may help unlock investment opportunities by converting rights in assets or income streams into tradable digital tokens, enabling fractional ownership and reducing transaction barriers for investors. Potential asset classes include bonds, real estate, infrastructure projects, and carbon credits.
From a legal and regulatory perspective, the new framework may create significant opportunities for asset management companies, financial institutions, project owners, and investors. However, the successful implementation of tokenised funds will depend on careful structuring, regulatory compliance, investor protection, transparency of underlying assets, clear ownership rights, and effective dispute resolution mechanisms.
For businesses considering tokenisation as a fundraising or investment structure, early legal planning is essential. Key considerations include the regulatory classification of the tokenised product, licensing requirements, disclosure obligations, custody arrangements, investor eligibility, anti-money laundering compliance, data protection, and contractual rights attached to the tokens.
Thailand Advances Tokenised Funds under New SEC Rules_Bangkok Global Law