Thailand’s Securities and Exchange Commission (SEC) has revealed plans to introduce a robust market-making system to support the upcoming launch of spot cryptocurrency exchange-traded funds (ETFs).
According to a local report, the regulator is finalizing operational rules for the products, which are expected to debut early this year. Central to this framework is the authorization of diverse entities—including digital asset exchanges, financial institutions, and major corporations—to act as market makers.
These participants will be tasked with providing the liquidity necessary to ensure stable trading and narrow bid-ask spreads on the Stock Exchange of Thailand (SET).
Read more: Thailand SEC Explores Bitcoin ETF Listing
Market makers play a critical role in the ETF ecosystem by continuously quoting buy and sell prices. Without them, nascent digital asset products could suffer from extreme volatility or “slippage,” where large trades significantly move the price.
“To ensure adequate liquidity, the SEC is considering a wide net for market makers,” said Jomkwan Kongsakul, deputy secretary-general of the SEC. She noted that even entities holding cryptocurrencies on their balance sheets could potentially step into this role, bridging the gap between the volatile crypto markets and the regulated stock exchange.
The introduction of market makers is just one piece of a broader regulatory overhaul aimed at aligning Thailand with global investment trends. The SEC is also moving to recognize digital assets as an underlying asset class under the Derivatives Act, allowing for crypto futures trading on the Thailand Futures Exchange.
The regulator is expanding the scope of digital tokens to include bond tokens and tokenized fund units, with the country’s first “green token” for environmental, social, and corporate governance-linked investments expected soon. By utilizing the ETF structure, the SEC aims to eliminate the “wallet barrier.” Investors can gain exposure to bitcoin or ether via existing brokerage accounts without the cybersecurity risks of managing private keys.
While the SEC is opening doors for innovation, it is simultaneously tightening its grip on market integrity. The regulator recently clarified that “financial influencers” must be licensed if they move beyond sharing facts to providing specific investment recommendations or return-based advice.
Read more: Report: Thailand Puts USDT Under Watch as Stablecoins Enter Grey Money Dragnet
The SEC’s stance on portfolio allocation remains conservative: Digital assets should comprise no more than 4% to 5% of a diversified portfolio, even for risk-tolerant investors. As Thailand moves into 2026, the collaboration among the SEC, the Bank of Thailand, and the SET signals a shift from treating crypto as a speculative hobby to a formalized, liquid, and institutionally backed asset class.
- What is Thailand’s SEC planning? The regulator will launch spot crypto ETFs with a new market‑making system.
- Who can be market makers? Digital asset exchanges, banks, and corporations may provide liquidity on the SET.
- How will investors benefit? ETFs allow exposure to bitcoin or ether via brokerage accounts without private key risks.
- What is the SEC’s stance on risk? Digital assets should remain capped at 4–5% of a diversified portfolio.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
