Thailand's Krungthai Bank launches PromptFund, real-time blockchain-based mutual fund trading
- —KTB clients receive fund units on purchase and cash on redemption instantly, including weekends
- —The platform displays real-time buy and sell prices before execution
- —Thailand's SEC is accepting use cases into a regulatory sandbox to assess DLT solutions
- —Amendments to the Securities Act enabling electronic issuance passed parliament in principle
Why it matters: A major Thai bank moving fund trading onto blockchain signals accelerating institutional DLT adoption in Asia.
Source: Siam Blockchain