- Thailandās SEC proposes regulations for institutional investment in crypto assets.
- Binance Thailandās CEO sees the shift as essential for crypto market maturity.
Thailandās crypto landscape is seeing a significant transformation, moving from a retail-driven market to one focused on institutional investment, according to Binance Thailand CEO Nirun Fuwattananukul.Ā In a recent opinion piece for the Bangkok Post, Fuwattananukul praised the latest regulatory proposal by Thailandās Securities and Exchange Commission (SEC) as a āvital stepā toward the nationās ambitions to become Southeast Asiaās fintech hub.
The proposal aims to legitimize digital assets while fostering a more mature and balanced crypto ecosystem. Fuwattananukul sees the regulatory shift as an opportunity for Thailandās financial institutions to broaden their portfolios and embrace crypto assets. He explained that the proposal not only supports Bitcoin but also aims to integrate traditional finance and crypto, promoting balanced digital asset growth.Ā
Thailandās SEC recently announced draft regulations allowing institutional-grade mutual and private funds to invest in crypto products. According to Fuwattananukul, this progressive move aligns with global trends and brings Thailand closer to establishing itself as a regional digital asset hub.Ā
Additionally, the SECās proposal currently seeks public feedback on criteria for mutual fundsā investments in crypto assets. Notably, retail access remains restricted, focusing the new regulatory framework on high-net-worth individuals and institutional investors.
What Does the Shift Mean for Thailandās Crypto Market?
Fuwattananukul sees the regulatory shift as an opportunity for Thailandās financial institutions to broaden their portfolios and embrace crypto assets. He explained that the proposal not only supports Bitcoin but also aims to integrate traditional finance and crypto, promoting balanced digital asset growth.Ā
Another critical development in Thailandās crypto space is the growing interest in real-world asset tokenization (RWA). According to Fuwattananukul, Thai banks are already exploring blockchain-based conversions of traditional assets like real estate, bonds, and equities. He cited research from Tren Finance, projecting a 50-fold growth in the RWA market by 2030.
While Thailandās central bank still prohibits the use of crypto for daily transactions, these regulatory updates signal a strong commitment to fostering a secure and dynamic ecosystem for all market participants. This shift from retail to institutional focus, driven by forward-looking regulations, positions Thailand to lead in the regional digital asset market and strengthens its evolving fintech sector.
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