Thailand SEC Prepares Framework for Crypto ETFs, Futures, and Tokenised Investments

Source: CoinEdition Original Title: Thailand SEC Prepares Framework for Crypto ETFs, Futures, and Tokenised Investments Original Link: Thailand’s Securities and Exchange Commission (SEC) is preparing to introduce a new regulatory framework early this year to support the expansion of digital asset investment products, including crypto exchange-traded funds (ETFs), crypto futures, and tokenised investment instruments.

The SEC plans to issue formal guidelines for crypto ETFs and establish mechanisms for crypto futures trading on the Thailand Futures Exchange (TFEX), according to deputy secretary-general Jomkwan Kongsakul.

The regulator is also working to expand the scope of digital tokens for investment beyond current categories to include bond tokens and tokenised fund units. In contrast, Thailand’s first green token is expected to support environmental, social, and governance-linked investment initiatives.

Crypto ETFs and Futures Under Development

Crypto ETFs are viewed by the SEC as an accessible product for investors seeking exposure to digital assets without managing wallets or private keys. The SEC board has already approved the concept of crypto ETFs in principle and is finalizing detailed investment and operational requirements.

The SEC expects asset management firms and licensed digital asset exchanges to jointly develop products that could be listed and traded on the Stock Exchange of Thailand.

To support market stability, the SEC is considering introducing market makers for crypto ETFs, including digital asset exchanges, financial institutions, corporations, and entities that hold cryptocurrencies.

The regulator is also working toward formal recognition of digital assets as an underlying asset class under the Derivatives Act, which would enable crypto futures trading on TFEX and provide investors with hedging and risk management tools.

Tokenisation and Market Infrastructure Initiatives

The SEC intends to expand the use cases for tokenised investments, including bond tokens and tokenised fund units, and to encourage issuers to participate in a regulatory sandbox. The regulator is also collaborating with the Stock Exchange of Thailand to enable spot trading of carbon credits, linking digital innovation with sustainability-related markets. In addition, the SEC is working with the Bank of Thailand to establish a sandbox for tokenisation and distributed ledger technology.

Alongside product development, the SEC plans to tighten supervision of financial influencers by distinguishing between factual information sharing and regulated investment advice. The regulator also reported that digital asset operators suspended 47,692 mule accounts in 2025 as part of enforcement actions aimed at strengthening market integrity.