The Stock Exchange of Thailand (SET) has taken a big step towards putting digital assets on the path to mainstream mass adoption.
In partnership with Kasikorn Business-Technology Group (KBTG), its tech unit, the stock exchange has developed a fully integrated Distributed Ledger Technology (DLT)-based digital asset investment service.
Within the service, there’s a linkage with ICO portals, digital asset exchanges as well as digital wallets, which is where Kasikorn Bank’s capabilities come in.
KBTG would be the first ICO portal service provider linking up to SET-initiated platform. A true first mover advantage.
For those not so fluent with the jargon and digital asset terms, the development of this exchange is an innovative way forward as Thai regulators and institutions push for digital assets to be more widely adopted.
SET also plans to partner with other business entities to continuously add to its digital assets ecosystem.
The adoption of this service will most likely increase regular investors’ access to investment opportunities in the somewhat niche world.
The platform is poised to go live in 2021.
