The Securities and Exchange Commission of Thailand released proposals and draft regulations for tokenized carbon credits and emission reduction tools

On April 29, 2025, the Securities and Exchange Commission of Thailand published a draft proposal regarding the trading of "tokenized carbon credits" through exchanges, brokers, and digital asset dealers, seeking public comments to allow digital asset exchange operators, digital asset brokers, and digital asset dealers (business operators) to provide tokenized carbon credits, tokenized renewable energy certificates (REC), and tokenized carbon allowances, to increase investor choices for service acceptance channels, as well as to promote Thailand as a carbon credit trading center.

At the board meeting of the Securities and Exchange Commission of Thailand held on March 6, Resolution No. 2568 approved the principles for improving standards, allowing digital asset exchange center operators, digital asset brokers, and digital asset dealers to use Tokenized Carbon Credits and other products related to supporting carbon neutrality and net-zero goals. This includes tokenized RECs and tokenized carbon allowances to provide services that facilitate the green economy, supporting Thailand in achieving carbon neutrality and net-zero greenhouse gas emissions targets, including supporting Thailand to become a carbon credit trading center.

The latest proposal from the Securities and Exchange Commission of Thailand will bring about significant changes including:

1. Allowing digital asset exchanges, brokers, and dealers to provide services for tokenized carbon credits, tokenized renewable energy certificates, and tokenized carbon allowances as additional businesses.

2. Digital asset exchanges, brokers, and dealers wishing to offer these digital tokens must meet the following conditions:

(1) An effective token listing and delisting system or standard.

(2) A system or standard that provides sufficient information regarding these tokens.

3. Digital asset exchanges, brokers, and dealers must maintain their operations according to the conditions under which they are authorized to conduct additional businesses.