The Thailand Securities and Exchange Commission has launched consultations on rules for domestically established crypto exchange-traded funds and revised qualification requirements for foreign digital asset custodians serving mutual funds and private funds. Crypto ETFs would be managed as passive funds by asset management companies, maintain average net exposure of at least 80% of net asset value to a single crypto asset over each accounting year, and initially be limited to Bitcoin and Ethereum. They would trade exclusively on the Stock Exchange of Thailand and be subject to investor risk acknowledgments, disclosure requirements and other safeguards. Digital assets held by crypto ETFs would primarily remain with licensed onshore custodians, although the SEC could permit qualified foreign custodians when necessary and appropriate. Asset managers could delegate digital asset investment management only to licensed digital asset fund managers, while eligible digital asset businesses could register as mutual fund supervisors solely for crypto ETFs. The proposals would also allow mutual funds and private funds to invest in Thai-domiciled crypto ETFs within existing limits, while initially prohibiting alternative products linked to foreign crypto ETFs.
2026-08-24Thailand Securities & Exchange Commission
Thailand Securities and Exchange Commission consults on crypto ETF framework and foreign custodian qualifications
The Thailand Securities and Exchange Commission is consulting on a domestic crypto ETF framework and revised qualifications for foreign digital asset custodians. Crypto ETFs would initially cover Bitcoin and Ethereum, maintain at least 80% average net exposure to one crypto asset and trade only on the Stock Exchange of Thailand. Licensed onshore custody would remain the primary model, with qualified foreign custodians permitted when necessary and appropriate.