Thailand Is Arranging a ‘Bond Coin’ for Speedier Securities Settlement

Thailand Is Arranging a ‘Bond Coin’ for Speedier Securities Settlement
ôîòî ïîêàçàíî ñ : bitcoints.com

2018-7-16 11:58

A self-regulatory organization in Thailand is planning a custom token aimed to speed up corporate bond settlement in the country.
The Thailand Bond Market Association (TBMA) said it has received the green light from Thailand’s Securities and Exchange Commission to develop a private blockchain that will be only accessible for parties in the bond market, such as registered issuers, investors, and depository organizations.
According to a news report from Bangkok Post on Monday, the TBMA said the development process will be divided into three stages and will start next month.
The TBMA further explained it will first create a blockchain-based platform for listing and sharing bond information such as interest rates in a distributed manner.
Yet Thailand is not the first country that is looking to blockchain for settling securities.

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Ôîòî:

Thailand Announces State-Backed “Bond Coin” to Facilitate Faster Security Settlements and Clearance

The Thailand government is swiftly taking steps to adopt and implement cryptocurrencies and blockchain technology within its administration. Local reports on July 16, 2018 confirmed that a prominent securities body in Thailand is developing a digital token to facilitate settlement clearing of corporate bonds.

2018-7-18 06:00


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