SEC has planned to adopt the DLT or other digital technologies into digital infrastructure of Thai Capital Market. The DLT automatically distributes information to every party in the network in case of movement or changes in transactions. This significantly decrease the time of each process because each activity in the Capital Market has complicated process and steps regarding document management, such as, the  issuance and offering of securities, the Know Your Client process, the securities registration process, as well as the  trading and  clearing and settlement process. Furthermore, multiple organizations from various sectors have expressed their supports for the development of this system in every process, including the Stock Exchange of Thailand (SET), the Association of Thai Securities Companies (ASCO), the Association of Investment Management Companies (AIMC), the Thai Bond Market Association ThaiBMA, and Accenture Company (Thailand) with Baker McKenzie Company as consultants to the  project.

SEC Secretary-General Ruenvadee Suwanmongkol said : “SEC has planned to  adopt the DLT  into digital infrastructure in every activity in the  Capital Market, which will  improve all processes in the capital market to work more effectively, decrease the cost in accessibility or the  operation of each market participant in each sector also be transparent and able to be inspected, and will be beneficial for the Capital Market services accessibility . In the first phase,  SEC also has planned to  adopt the DLT to increase the effectiveness in accepting and enforcing collaterals in transactions of loans to buy assets of clients with investment accounts with securities companies or can be identified as “margin loan.”

SET President Dr. Pakorn Peetathawatchai said “SET is determined to build digital transformation towards digital exchange, for the ability to efficiently provide services to members,  issuers, and investors .”

ASCO Director Mr. Pichet Sithi-Amnuai said “transactions of securities trading still need technology in decreasing the cost in multiple aspects, to increase the potential and help Thai  capital market to have the competitiveness potential, and attract both domestic and international investors.”

AIMC President Mr. Wasin Wanichworanant said “the AIMC is determined to seek for opportunities and channels in developing industries, in conformity with the ever-changing environment. The DLT  is a new technology that would resolve and diminish any obstacles in businesses, as well as increase the efficiency in mutual fund investment and management, which will be quicker and more trustworthy.”

ThaiBMA Director Mr. Tada Phutthitada said “the DLT will help increase the efficiency of  securities issuing , clearing and settlement , and other systems. Furthermore, the DLT will also help investors conveniently review their investment information.”

Accenture Company Country Managing Director Mr. Nontawat Poomchusri said “the global stage had become interested in implementing the DLT to increase the efficiency in working with their business partners, and also create new incomes opportunities. This initiation of Thai  capital market will create the competitiveness.”

Baker & McKenzie Company Partner and Head of Banking & Finance Mr. Thinawat Bukhamana said “the application of this digital technology, that will increase the potential in competitiveness and in efficiency of business operators, should be supported. In regards to the legal sectors, we must also adjust and improve in accordance with the world, to overcome and obstacles and to be able to support the rapidity of changes in the digital technology.”

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