Thai SEC Sustainable Digital Tokens

On Mar. 28, Thai SEC proposed enhancements to criteria for offerings.

  • Thai SEC proposed enhancements to criteria for offering sustainable digital tokens.
  • The aim is to establish disclosure mechanisms for sustainability information aligned with global standards, to aid investor decision-making and promote digital economy.
  • Approval had been given for establishment of Thailand ESG Fund (TESG Fund) to invest in sustainable digital tokens, contributing to economic growth, sustainability goals.
  • Amendments
  • Proposed amendments include aligning criteria with other market products, enhancing token disclosure, and facilitating diverse investments by the TESG Fund.
  • Includes green tokens, social tokens, sustainability tokens, sustainability-linked tokens.
  • Issuers must meet specific requirements when labeling as sustainable digital tokens.
  • Additional disclosure requirements for issuers before and after token offerings.
  • ICO portals, digital token trading centres must ensure convenient access to disclosed information for investors; application, filing-related fee are waived until May 31, 2025.
  • Effectiveness
  • The consultation is open until Apr. 12, 2024.

Regulators Thai SEC
Entity Types B/D; Inv Co
Reference PR 68/2567, CP 15/2567, 3/28/2024; ESG
Functions Compliance; Environment; Financial; Legal; Product Administration; Product Design; Reporting; Sales Practices; Social; Treasury
Countries Thailand
Category National Regulator
Products Cryptocurrency; Fund Mgt; Issuance/IPO; Mutual Funds
Regions AP
Rule Type Proposed
Rule Date 3/28/2024
Effective Date 4/12/2024
Rule Id 206278
Linked to N/A
Reg. Last Update 3/28/2024
Report Section International

Last substantive update on 04/01/2024