Stock Exchange of Thailand to Build Digital Asset Platform

March 20, 2019

The Stock Exchange of Thailand (SET) has disclosed the bourse’s three-year strategic plan (2019-2021) aimed at building a one-stop digital capital market, opening up investment opportunities, developing digital platforms, and enhancing investment experiences.

SET President Pakorn Peetathawatchai said that according to the strategic plan, the stock exchange will digitize the capital market infrastructure with the goal of transforming customer experiences. The plan will also seek to build digital asset platforms, slated to be introduced next year. Peetathawatchai added that the strategy is in line with the “SET…Make it ‘Work’ for Everyone” vision.

 

 

The SET President expects the country’s capital market this year will see many changes for the sake of digitization. The capital market infrastructure will incorporate new processes to facilitate customers in the digital era, from paperless account registration to electronic stamp duty payments.

SET’s FundConnext mutual fund platform — now linked with 19 asset management firms in Thailand — will also be connected with Vestima, a global fund-processing platform run by Clearstream. FundConnext will become a gateway for international investors in 56 countries to invest in businesses in Thailand.

Peetathawatchai revealed that this year, SET is collaborating with stakeholders to establish a new, digitally driven ecosystem for the Thai capital market, which will offer new opportunities to investors.

 

 

Peetathawatchai said.

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.  SET stands ready to build and operate the capital market that is underpinned by trust

Source: www.set.or.th

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