Thai Parliament Approves Amendments Allowing Issuance of Tokenized Securities

Thailand’s National Legislative Assembly has officially allowed the issuance of tokenized securities on blockchain, major newspaper The Bangkok Post reports on Friday, Feb. 22.

The government will amend the Securities and Exchange Act, according to the article. As soon as the changes come into effect later in 2019, tokenized securities such as stocks and bonds can be officially issued on blockchain.

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Banking Giant Trials Blockchain for Issuance of Land-Backed Loans

The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system.

The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of agricultural land as collateral,

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