Thai Digital Assets Exchange (TDX), a subsidiary of the Stock Exchange of Thailand (SET), is set to launch trading services for investment and utility tokens in the third quarter after receiving a licence from the Finance Ministry on March 25.
In addition to trading services, TDX plans to provide token settlement and storage services.
Kitti Sutthiatthasil, the SET's executive vice-president, head of strategic initiatives and industry utility, said TDX's trading system is being reviewed by the Securities and Exchange Commission prior to its launch.