SEC keen to attract long-term capital
The SEC views cryptocurrencies as an alternative asset that can help investors diversify portfolio risk. REUTERS
The Securities and Exchange Commission (SEC) is on course to launch crypto exchange-traded funds (ETFs) and crypto futures in the third quarter of this year as part of the regulator's efforts to modernise the country's capital markets and attract long-term investment flows.Secretary-general Pornanong Budsaratragoon said the SEC is working with the Thailand Futures Exchange to finalise specifications for crypto futures and crypto ETFs, aiming to provide investors greater access to digital assets under regulated market structures.
The initiative would broaden investment opportunities across more diversified asset classes, as the SEC views cryptocurrencies as an alternative asset that can help investors diversify portfolio risk, said Mrs Pornanong.
The introduction of crypto futures products is expected to provide better risk management and hedging strategies for institutional and retail investors, she noted.
