The Stock Exchange of Thailand (SET) has just announced its plans to build a digital asset platform, which is set to launch in 2020. In its three-year plan, the exchange is setting out to digitalise its infrastructure. For instance, it is planning to develop a digital infrastructure platform and build a one-stop digital capital market. The exchange will work closely with stakeholders in the creation of a new Thai capital market ecosystem, which will support digital assets.
"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," said SET President Pakorn Peetathawatchai. "SET stands ready to build and operate the capital market that is underpinned by trust."
This year, the SET has planned out two major changes: complete digitisation of the capital market infrastructure and the connection of mutual fund platform FundConnext with a global fund processing platform Vestima to offer faster and more effective operations.