# SEC to promote a robust ecosystem of investment tokens

- Link: https://www.thailand-business-news.com/markets/162420-sec-to-promote-a-robust-ecosystem-of-investment-tokens
- Published: 2024-09-15T21:09:15+07:00
- Author: Fujiko Takahashi

**The SEC is seeking public comments on proposed amendments to ministerial regulations
aimed at enhancing investment token market mechanisms, with the goal of promoting
it as a fundraising alternative. Traditional financial service providers will be
required to offer related services through a separate legal entity.**

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The Securities and Exchange Commission (SEC) is seeking public comments on proposed
amendments to the ministerial regulations and related rules to enhance the mechanisms
of the investment token market, making it more robust and efficient, thereby promoting
investment tokens as an alternative fundraising option for businesses. Additionally,
the proposal requires that traditional financial service providers offer their services
related to cryptocurrencies* and utility tokens** through a separate legal entity
to ensure clarity and increase investor protection.

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The SEC Board has passed a resolution approving in principle the proposal to amend
the Ministerial Regulations on Licensing of Digital Asset Businesses B.E. 2561 (
2018) and relevant regulations to promote fundraising and investment in investment
tokens and to support interested securities business operators in providing services
related to the said products. This in turn would increase access channels to investors
in both primary and secondary markets. The SEC is therefore conducting this public
hearing on the proposed principle and draft amendments to the ministerial regulations
and relevant regulations. The major changes that will be introduced by the SEC’s
proposal include:  

(1)  To revise the qualifications and licensing process for the securities companies
that wish to apply for investment token broker, dealer and advisor license;  

  (2)  To exempt digital asset fund manager license for securities companies and
asset management companies to allow mutual funds and private funds to invest in 
investment tokens and other types of digital assets, with regulatory oversight under
the securities regulations (a public consultation will be conducted on draft regulations
for digital asset investments of mutual funds and private funds in due course); 

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(3) To prohibit securities companies and derivatives business operators from obtaining
digital asset business licenses to offer cryptocurrency and utility token services.
Additionally, a transitional provision will be established, requiring securities
companies currently providing cryptocurrency and utility token services to establish
a separate entity for such services. The newly established company must apply for
a license within one year from the effective date of the amended ministerial regulations.

The consultation paper is available at: [https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1016](https://www.sec.or.th/TH/Pages/PB_Detail.aspx?SECID=1016)
and the central legal hub at: [www.law.go.th](http://www.law.go.th). Stakeholders
and Interested parties are welcome to submit comments and suggestions via the SEC
website or email: jirapat@sec.or.th or thanapatk@sec.or.th. The public hearing ends
on 14 October 2024.     

**Source** : [SEC public hearing on draft regulations to promote a robust ecosystem of investment tokens](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11132&rand=113627)