Thailand: Securities and Exchange Commission's order on digital asset investment regulations for mutual funds and private funds entered into force

On 16 January 2025, the Securities and Exchange Commission's (SEC) amendment order on regulations governing digital asset investments by mutual funds and private funds entered into force. The order allows investment in tokens with limits similar to stocks and bonds and enables ultra-high-net-worth funds to invest in cryptocurrency exchange-traded funds (ETFs) without limits. It caps other cryptocurrency investments at 20 per cent of net asset value (NAV). Retail funds can invest in cryptocurrency ETFs or foreign mutual funds, capped at 5 per cent of NAV. The order also addresses asset custody, disclosures, advertising, and suitability tests. The order requires existing funds to comply within 90 days.