SEC prepares Thai capital market for e-Securities and Crypto ETFs

Thansettakij•Economy•21m ago

Reader Briefing

The Securities and Exchange Commission is developing digital infrastructure, including e-securities laws and Crypto ETF regulations, to modernize the Thai capital market.

•The SEC is pushing for the Securities and Exchange Act (No. 9) to enable the issuance and transfer of electronic securities.
•Regulations for Crypto ETFs became effective on October 16, 2026, allowing investments in Bitcoin and Ethereum through Passive ETFs.
•Digital Asset Custodians (DA Custodians) under SEC supervision are required for the storage of assets in Crypto ETFs.
•The SEC has adjusted rules to allow mutual funds to invest in digital assets either directly or indirectly based on investor type.

Overview

•The SEC is promoting the draft Securities and Exchange Act (No. 9) to support Digital Securities, allowing issuance, holding, and transfer via electronic systems.
•The draft Securities and Exchange Act (No. 9) has received approval from the Cabinet and is currently under consideration by the House of Representatives committee.
•Electronic securities are intended to reduce redundant steps, lower document storage costs for issuers, and increase capital market access for SMEs.
•The SEC issued regulations for Crypto ETFs effective October 16, 2026, permitting initial investments in Bitcoin and Ethereum as Passive ETFs.
•The SEC prohibits securities companies from providing loans for the purchase of Crypto ETFs due to price volatility risks.
•Retail Mutual Funds (Retail MF) can invest in cryptocurrencies indirectly, while Ultra-Accredited Investor Funds (UI Fund) can invest directly.
•The SEC established standards for Digital Asset Custodians (DA Custodian) regarding financial status, personnel, and cybersecurity to protect investor assets.

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Key Entities

Organization

Securities and Exchange Commission(สำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)ℹ️

The regulatory body developing Thailand's digital capital market infrastructure and overseeing Crypto ETFs and DA Custodians.

Cabinet(คณะรัฐมนตรี)

The government body that has already granted approval for the draft Securities and Exchange Act (No. 9).

House of Representatives(สภาผู้แทนราษฎร)ℹ️

The legislative body whose committee is currently considering the draft Securities and Exchange Act (No. 9).

Law

Securities and Exchange Act (No. 9)(พระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ (ฉบับที่ 9))

A draft law intended to support the issuance, holding, and transfer of securities through electronic systems.