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New real estate-backed ICO regulations take effect as from 1 March 2021



Tuesday 2 March 2021 | No. 39 / 2021


Bangkok, 2 March 2021 – The Securities and Exchange Commission has announced that the amended regulations governing supervision of initial coin offering (ICO) with real estate underlying or real estate income stream (real estate-backed ICO) have become effective as from 1 March 2021.

The SEC has amended the real estate-backed ICO regulations to be more comparable to the regulations governing real estate investment trusts (REIT) because both real estate-backed ICO and REIT share similar form of fundraising and benefit generation. In essence, the amendments support enhancement of digital token offering supervision with proper investor protection mechanisms and a focus on fair protection of investors’ rights in accordance with the relevant regulations governing the forms and risks of the investment products. The amendments also provide more flexibility and efficiency in meeting the business models of the private sector.

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Link to SEC News No. 36/2564 headlined, “SEC enhances real estate-backed ICO oversight to strengthen investor protection mechanisms”:  https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=8839






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Building Confidence in the Capital Market
NEWS
Securities and Exchange Commission
Corporate Communication and Investor Service Department
Tel. (66)2033-9502-5 E-mail: press@sec.or.th
No. 39 / 2021 Tuesday 2 March 2021
New real estate-backed ICO regulations take effect as from 1 March 2021
Bangkok, 2 March 2021 – The Securities and Exchange Commission has announced that the amended regulations governing supervision of initial coin offering (ICO) with real estate underlying or real estate income stream (real estate-backed ICO) have become effective as from 1 March 2021.

The SEC has amended the real estate-backed ICO regulations to be more comparable to the regulations governing real estate investment trusts (REIT) because both real estate-backed ICO and REIT share similar form of fundraising and benefit generation. In essence, the amendments support enhancement of digital token offering supervision with proper investor protection mechanisms and a focus on fair protection of investors’ rights in accordance with the relevant regulations governing the forms and risks of the investment products. The amendments also provide more flexibility and efficiency in meeting the business models of the private sector.

_______________________

Link to SEC News No. 36/2564 headlined, “SEC enhances real estate-backed ICO oversight to strengthen investor protection mechanisms”:  https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=8839