Thailand's Securities and Exchange Commission (SEC) has released its 2026-2028 strategic plan, signaling a shift from early risk containment to active market development. The plan treats digital assets as a legitimate asset class, integrating them into capital markets through regulated products like crypto ETFs and derivatives. The SEC has proposed spot crypto ETFs for Bitcoin and Ether, and amended the Derivatives Act to allow crypto futures on the Thailand Futures Exchange. Retail investor protection remains a priority, with guidance limiting digital assets to around 5% of diversified portfolios. On infrastructure, the SEC is advancing tokenization of securities, including mutual funds and bonds, with updated rules for faster settlement. It is also developing common token standards and working with the Bank of Thailand on stablecoins and deposit tokens. Six investment token projects have raised over $263 million, with six more in pre-consultation. Market integrity measures include anti-money laundering, transaction monitoring, and adoption of the Travel Rule. Thailand's approach is structured and long-term, aiming for institutional-grade custody and regulated access while maintaining high standards for risk.

Key facts

• Thailand SEC's 2026-2028 plan treats digital assets as a core asset class.
• Proposed spot crypto ETFs for Bitcoin and Ether, with consultation closed in May.
• Derivatives Act amended to allow crypto futures on Thailand Futures Exchange.
• Six investment token projects raised over $263 million; six more in pre-consultation.
• SEC developing common token standards and working on stablecoin regulation with Bank of Thailand.

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