Abstract : The Stock Exchange of Thailand could become one of the first global stock exchanges that establish a digital asset exchange independent from a stock exchange.
On January 18, the Stock Exchange of Thailand (SET) plans to apply for a digital asset business license with the Finance Ministry, to leverage the increasing trend of digital asset investment, said Pattera Dilkungthirapop, vice chairwoman of SET and chairwoman of the Association of Securities Companies, according to the Bangkok Post.
If SET implements the plan and gains the approval, it will be one of the first global stock exchanges that establish a digital asset exchange independent from a stock exchange. To make such achievement, SET needs to build a good operating system and finalize details including back-office systems and an electronic wallet for token storage, Pattera noted.
Pattera revealed that some securities companies, as partners of SET, also intend to apply for broker and dealer for digital assets trade on SET’s new exchange.
ChainDD noted that Thailand’s Finance Ministry granted digital licenses to four crypto firms including three cryptocurrency exchanges and one crypto broker-dealer.