Mr Udomsak says all assets will exist as tokens within the same infrastructure in the future.
Thailand's financial industry is entering what could become its most disruptive transformation in decades as tokenisation and blockchain-based finance begin reshaping how assets are issued, traded and owned globally.The emerging concept of "Traditional Finance 2.0", in which stocks, bonds, gold, funds and even real estate are converted into blockchain-based tokens, is no longer viewed as a distant experiment. Instead, industry executives and digital asset pioneers believe it could fundamentally alter Thailand's capital markets within 1-5 years.
Udomsak Rakwongwan, co-founder of decentralised derivatives platform FWX and a lecturer at Kasetsart University's Department of Mathematics, said the financial system is moving towards a unified blockchain infrastructure where nearly all assets can interact seamlessly.
"In the future, every asset -- from equities and mutual funds to gold and real estate -- will exist as tokens on the same infrastructure," Mr Udomsak said. "That changes everything about how capital moves."
Traditional Finance 2.0
