Digital Assets Accelerate Thailand’s Bond Market
Digital Assets Continue to Drive Innovation in Thailand
Thailand has driven through several new implementations of blockchain and digital assets over the past year. In April, the Siam Commercial Bank tested blockchain for cross-border business-to-business payments. In May, the Bank of Thailand built a blockchain-based system to settle payments more cheaply and quickly. Now, the Bond Association of Thailand has announced that it will issue a digital asset to provide those same benefits to the bond market and streamline yet another aspect of Thailand’s banking system.