Thailand Futures Exchange to Start Trading Carbon Credits and Digital Assets
The Thai cabinet has approved a SEC notification allowing carbon credits, greenhouse gas emission allowances, and digital assets as underlying assets for trading on the Thailand Futures Exchange (TFEX). The initiative aims to transition carbon credits to deliverable assets, promote a low-carbon economy, and expand trading in digital assets including cryptocurrencies.
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The Thai cabinet approved a SEC notification to include carbon credits, greenhouse gas emission allowances, and digital assets in the derivatives market on the Thailand Futures Exchange (TFEX). Carbon credits will transition to deliverable underlying assets for trading, enabling both physical delivery and cash settlement.
This move supports Thailand's net-zero emissions goals and promotes a low-carbon economy. Additionally, digital assets will be recognized as underlying assets, enhancing regulatory coverage and facilitating investment. The derivatives market will serve as a secondary market for global goods and services.
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