Krungthai Bank has launched “PromptFund,” a real-time fund trading service that applies Blockchain technology, enabling customers to buy or sell funds every day, including holidays, while reducing the waiting time to receive cash or fund units from potentially days to immediate.
The highlight is that customers can see real-time trading prices before executing transactions. When selling funds, they receive cash instantly, and when buying, they obtain fund units immediately, enhancing speed, transparency, and convenience in investing.
Payong Srivanich, President of Krungthai Bank, stated that Krungthai is committed to continuously developing investment products and financial services to elevate Thailand's capital markets. What we do is not just launching new products but fundamentally transforming Thai investment so everyone can access investment opportunities widely, easily, efficiently, and transparently.
Previously, Krungthai pioneered real-time investment experiences by introducing Digital Bonds, Gold Wallet, and Global Savings, reflecting our vision to make investing accessible and suited to Thai people's digital lifestyles, aligning with the 60-year vision of Krungthai: Every Step for a Million Futures.
Today, PromptFund represents another key step in setting new standards by offering Krungthai’s innovative investment service that allows customers to buy and sell funds instantly, anytime, every day, including holidays.
Customers receive cash immediately when selling funds or receive fund units immediately when buying, removing previous time constraints where customers had to wait overnight or several days to receive cash or units.
Importantly, PromptFund not only speeds up transactions but also lets customers view real-time buy and sell prices before deciding, increasing transparency and confidence in investing, while improving convenience and efficiency in accessing fund products.
On this occasion, the bank has applied blockchain technology to real-time fund trading to enhance service efficiency, enable immediate fund-to-cash conversion, and lay the foundation for future digital financial infrastructure.
Pornnong Bussaratrakul, Secretary-General of the SEC, revealed that the SEC supports adopting new technologies and innovations such as Distributed Ledger Technology (DLT) and Blockchain in capital markets to improve service efficiency and operations, while expanding investor access to diverse financial products and services.
The SEC has revised related regulations to accommodate technology adoption and the development of new financial products and services, alongside supporting businesses to test Use Cases within a Regulatory Sandbox to assess suitability, readiness, and risks.
Promoting technology and innovation adoption is accompanied by investor protection measures. Testing innovations under the Regulatory Sandbox studies appropriate regulatory and risk management approaches to develop a digital capital market.
The SEC is currently pushing for amendments to the Securities and Exchange Act, which the House of Representatives approved in principle in Q2, to support electronic securities issuance using technology for offering and trading in capital markets, encouraging competition and innovation as key drivers toward the digital economy.
Krungthai Bank believes that launching PromptFund marks another significant step in applying Tokenization policy to real financial services, enhancing fund trading efficiency.
It also elevates the investment experience with greater transparency and investor confidence, while laying the groundwork for future expansion of investment and digital asset services, reaffirming Krungthai’s role in driving financial innovation aligned with the SEC’s DSE initiative to use Thailand’s capital markets as a mechanism for advancing the country's digital economy.
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