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ARTICLE · 22 OCTOBER 2024

Thai SEC Primed To Allow Digital Asset Investments By Funds

Tilleke & Gibbins
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Following the U.S. Securities and Exchange Commission's approval of spot Bitcoin ETFs, Thailand's Securities and Exchange Commission (SEC)...

ThailandFinance and Banking
Kobkit Thienpreecha
Kobkit Thienpreecha
Patcharaporn Pootranon
Patcharaporn Pootranon
Veerakorn Samranweth
Veerakorn Samranweth
Pornpan Wichawut
Pornpan Wichawut
Rujaporn Paritsantik
Rujaporn Paritsantik
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Following the U.S. Securities and Exchange Commission's approval of spot Bitcoin ETFs, Thailand's Securities and Exchange Commission (SEC) is reassessing regulations on the investments of mutual funds and private funds (collectively "Funds"). The SEC has launched a public consultation on new draft notifications introducing the new asset classes that can be held by Funds, and aims to bring these rules into effect on January 1, 2025.

The highlights of these changes are set out below.

Eligible New Asset Classes

The new asset classes that can be held by Funds can be categorized into two types—investment tokens and crypto assets—and the determination will focus on substance over form.

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