The Stock Exchange of Thailand (SET) is planning to roll out its digital asset trading system next year.
In January of this year, SET announced that it was planning to apply for a digital asset operating license from the Thai Finance Ministry in order to open its own crypto exchange.
In its latest announcement, SET said that it will continue to collaborate with all stakeholders to digitize the capital market infrastructure to transform customer experiences and will build the digital asset platform, expected to be rolled out in 2020.
“SET will work very closely and collectively with all stakeholders in the Thai capital market to build a new ecosystem for the Thai capital market,” SET said. “The new ecosystem to support digital assets will create new opportunities and transform the investment landscape in the future.”
According to SET President Pakorn Peetathawatchai, the digital asset platform, which is part of SET’s three-year strategic plan from 2019 to 2021, will open up new investment opportunities and level up investment experiences for more convenience and higher speed.
“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,” Pakorn said. “SET stands ready to build and operate the capital market that is underpinned by trust.”
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