The proposed changes would allow applications to be filed within existing corporate structures.
Crypto News
Thailand's Securities and Exchange Commission has proposed rule changes that would let licensed digital asset firms apply for derivatives licenses without forming new companies. The regulator published the proposal this week and opened it for public comment through May 20. The move could lower the cost and complexity of entering Thailand's regulated derivatives market for existing crypto businesses.
Under current rules, firms must establish separate legal entities to access derivatives licensing. The proposed changes would allow applications to be filed within existing corporate structures. The SEC said the goal is to expand investor access to hedging tools and portfolio management instruments.
The proposal also includes new requirements to manage conflicts of interest for firms operating across both digital asset and derivatives activities. Standards for derivatives exchanges and clearing houses would be brought in line with international benchmarks. Industry participants are expected to submit feedback before the May 20 deadline, which will inform the final regulatory framework.
The SEC's proposal follows earlier rule changes that recognized digital assets as eligible underlying assets for futures contracts. Those changes laid the groundwork for the current expansion of Thailand's derivatives market into crypto-linked products.
Globally, crypto derivatives activity has accelerated in recent months. Blockchain(dot)com launched perpetual futures trading inside its self-custody wallet on Tuesday, powered by Hyperliquid, giving users leveraged access to more than 190 markets with Bitcoin as collateral. Earlier this year, Kraken and Coinbase both rolled out perpetual futures tied to equities for users outside the United States.
Most of these products remain off-limits to U.S. retail investors. That may change, however. CFTC official Michael Selig said in March the agency was actively working on a framework for crypto perpetual futures and could act within weeks. Kraken's parent company, Payward, agreed last week to acquire U.S.-regulated derivatives venue Bitnomial, a move aimed at positioning the exchange for eventual access to the U.S. market.
Thailand's proposal fits a wider pattern of jurisdictions seeking to formalize crypto derivatives within existing licensing structures rather than creating entirely separate regulatory tracks.
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