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Tuesday, April 16, 2024

Traditional markets to support SET’s new project

Pakorn Peetathawatchai, president of the Stock Exchange of Thailand.

SET Group, the organisation operating the Stock Exchange of Thailand and other local bourses, has ambitious plans for the digital future of finance by making considerable structural changes in preparation for the launch of its own digital asset exchange.

The group is splitting into two parts: one managing the traditional exchanges like the SET and Market for Alternative Investment (MAI), while the other will be devoted wholly to the digital exchange projected to launch this year.

The digital exchange is a pivotal part of the organisation’s plan to drive Thai capital markets into a new era and open the bounds of trading opportunities from the narrow scope of Thai businesses to a growing selection of asset types tied to digital tokens.

Its…

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