Share this article
Thai Stock Exchange Building Digital Assets Platform for 2020 Launch
The Stock Exchange of Thailand has confirmed it's building a digital assets platform that it expects to launch next year.
Updated Sep 13, 2021, 8:59 a.m. Published Mar 14, 2019, 1:00 p.m.
Make us preferred on Google
The Stock Exchange of Thailand (SET) has confirmed it's building a digital assets platform that it expects to go live next year.
Saying it is "ready for digital tranformation," the SET announced Wednesday that it will work “closely and collectively” with all stakeholders in the country’s capital market to build a new ecosystem that would support digital assets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Pakorn Peetathawatchai, president of the SET, said that the exchange’s three-year strategic plan for 2019–2021 would focus on developing a digital infrastructure platform and a "one-stop" digital capital market.
The institution added that the move is aimed to make investors' experiences faster and more convenient, as well as "opening up new investment opportunities."
In the third quarter of 2019, Thailand’s capital market will see “a real transformation” in two areas, the SET said. Firstly, there would be full digitization of infrastructure, including paperless account opening process, electronic payment of stamp duty and direct-debit registration processes.
Secondly, to access more investment opportunities, the stock exchange's FundConnext mutual fund platform – which is currently connected to 19 asset management firms in Thailand – will be linked with Vestima, a global fund processing platform operated by Clearstream.
Also in Q3, the exchange said it will improve its interbank payments process to make it “more effective” both operationally and financially for securities firms.
The SET first revealed its plans to offer a digital assets platform back in January, saying it was planning to apply for a license from the country’s Ministry of Finance to operate the platform.
SET image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Dogecoin turns lower after failing to hold $0.124
Traders are watching $0.122 as support and $0.1243–$0.1255 as the levels DOGE needs to reclaim.
What to know:
- Dogecoin inched up about 0.6 percent over the past 24 hours but remained stuck in a tight trading range as broader crypto sentiment, rather than token-specific news, drove price action.
- Late-session selling pushed DOGE back below short-term support at $0.1243, turning that level into near-term resistance and signaling fading upside momentum within an overall consolidation.
- Traders see DOGE as range-bound while $0.1222 holds, with a break below $0.12 viewed as a potential trigger for a deeper pullback and a reclaim of $0.1243 needed to reopen a test of $0.1255.
Top Stories
