Deep Tide TechFlow News, on October 25, according to Cointelegraph, Binance Thailand CEO Nirun Fuwattananukul expressed his views in an article published in the Bangkok Post, pointing out that Thailand's digital asset market is shifting from retail dominance to institutional dominance, helping Thailand become a fintech hub in Southeast Asia.
Fuwattananukul stated that the new regulations proposed by the Thai Securities and Exchange Commission (SEC) on October 9 are a key step towards the maturation of Thailand's cryptocurrency market. The regulations will allow institutional-level mutual funds and private equity funds to invest in crypto products, such as U.S. spot crypto ETFs. He emphasized that this is not only about legitimizing Bitcoin, but also about creating a mature ecosystem for the coexistence of traditional finance and crypto assets.
In addition, Fuwattananukul pointed out that the tokenization of real-world assets (RWA) is becoming a major trend in Thailand. According to research by Tren Finance, the RWA tokenization industry could grow 50 times by 2030. Traditional banks in Thailand are exploring the conversion of conventional assets like bonds, real estate, and stocks into blockchain-tradable digital assets.
