Bangkok: The SEC has revised the criteria related to digital token offering portal (ICO) service providers to allow them to outsource additional systems to increase flexibility in doing business, effective from June 16, 2025.

According to Thai News Agency, the Securities and Exchange Commission (SEC) has updated its regulations on outsourcing and ICO portal service providers. This move aims to align with business operations, promote the ecosystem of investment token offering services, and enhance supervision efficiency. The revisions are designed to make ICO portals more adaptable and consistent with the industry, thereby strengthening the investment token ecosystem during ongoing legislative amendments.

The SEC has introduced changes allowing ICO portals to outsource their systems, thereby promoting a more robust and comprehensive investment token ecosystem. The revisions have been open to feedback, with most stakeholders expressing agreement. Key points of the announcement include permitting ICO portals to outsource work related to customer interactions and digital token offerings. However, outsourcing due diligence can only occur in one aspect per project, either business or technology, and requires SEC approval.

Additionally, regulations concerning ICO portals have been enhanced to improve supervision efficiency. This includes mandatory submission and disclosure of financial statements and SEC actions against non-compliant ICO portals. These criteria have been published in the Government Gazette and will be effective from June 16, 2025.