Digital Assets Get Retail Investors’ Nod of Approval: Thailand SEC

Retail investors in Thailand will no longer face restrictions on investment in real estate and infrastructure-backed initial coin offerings (ICOs), according to an announcement by the Securities and Exchange Commission (SEC).

The change, effective from January 16, was made to encourage technology use for fundraising and to support sustainable capital market growth and the digital economy’s development.

The SEC’s role, besides ensuring investor protection, is to promote technology and innovation use in fundraising. Hence, the regulator removed the restrictions for retail investors in real estate and infrastructure-backed digital tokens. Moreover, it also included tokens with infrastructure revenue streams as underlying assets, aligning with product risks.

The SEC is also considering supporting the creation of custodial wallet provider businesses for digital asset operators who…