The Thailand Securities and Exchange Commission (SEC) opened applications to its regulatory sandbox for financial service innovations in capital market and digital asset businesses, aiming to enable a fully electronic end-to-end process supporting the digital capital market ecosystem. The initiative is being pursued in collaboration with the Bank of Thailand’s (BOT) “Programmable Payment” testing under its Enhanced Regulatory Sandbox. The SEC sandbox covers innovations related to securities, derivatives and digital asset services that are not yet authorised for general operation. Firms seeking to test integrated services combining capital market functions with programmable payment processing must submit separate applications to both the SEC and the BOT concurrently, with the regulators coordinating the assessment and testing in line with their respective mandates and applicable regulatory frameworks.
Thailand Securities & Exchange Commission 2025-12-24
Thailand Securities and Exchange Commission opens regulatory sandbox applications for digital capital market innovations integrated with programmable payments
The Thailand SEC has opened applications for its regulatory sandbox to support financial service innovations in capital market and digital asset businesses. In collaboration with the Bank of Thailand's Enhanced Regulatory Sandbox, it focuses on integrating securities, derivatives, and digital asset services with programmable payment processing. Firms must apply to both the SEC and BOT for coordinated assessment and testing.