Thai Stock Exchange plans to launch digital asset platform in 2020

The Stock Exchange of Thailand (SET) has announced its plans to launch a digital asset trading system next year.

Earlier this year, Bangkok Post reported that SET was planning to open a new digital asset exchange and apply for a digital asset operating license from the Finance Ministry.

In a press release dated March 13, SET said that it will continue to collaborate with all stakeholders to digitize the capital market infrastructure with the objective of transforming customer experiences.

It said that it “will build the digital asset platform expected to be rolled out in 2020.”

While announcing SET’s three-year strategic plan (2019-2021), President Pakorn Peetathawatchai said that the key focus areas include the development of digital infrastructure platform, building one-stop digital capital market, opening up new investment opportunities, and leveling up investment experiences for more convenience and higher speed.

SET said that it collaborate with all stakeholders in the Thai capital market to build a new ecosystem for the Thai capital market. It believes that the new ecosystem to support digital assets will create new opportunities and transform the investment landscape in the future.

"SET strongly believes that the collaboration with all stakeholders in enhancing the existing infrastructures that are a backbone of the current ecosystem and in building the new digital asset ecosystem will be a turning point that will take the Thai capital market to the next level. SET stands ready to build and operate the capital market that is underpinned by trust," added Pakorn.