Does a utility token need SEC approval in Thailand?

A ready-to-use utility token may be excluded from the public-offering rules if it meets the conditions in SEC notification Kor Jor. 16/2567. A project-based utility token offered to the public needs SEC permission, a registration statement and draft prospectus, and an SEC-approved ICO portal.

Can a token used to pay for goods be excluded from the offering rules?

Not if it is designed as a means of payment. The SEC exclusion does not cover such tokens, or tokens designed for staking or as a project-exchange token, and other conditions also apply. We examine what your token is built to do.

Can you confirm our token is exempt?

We do not promise an exemption or an SEC view. We tell you which category the token falls into on its actual documents and flows, and what remains uncertain.

Utility Tokens in Thailand

Find out whether your token is excluded from Thailand's public-offering rules, or needs SEC permission and an ICO portal.

Describe your project Ask a question

For: Projects and companies issuing utility tokens with holders in Thailand
You get: A written token classification and offering route
Fee: The first step is free. The assessment is a fixed fee agreed in writing; later stages are quoted separately. Government and SEC costs are shown apart.

In short

Thailand's SEC divides digital tokens into investment tokens and utility tokens, and utility tokens into those ready to use on the offer date and those whose goods or services are still to be built. A ready-to-use utility token may be excluded from the public-offering rules if it meets the conditions in SEC notification Kor Jor. 16/2567 (as amended) and is not designed as a means of payment, for staking or as a project-exchange token. A project-based utility token and an investment token need SEC permission, a registration statement and draft prospectus, and an SEC-approved ICO portal for a public offering. Corporly, a Thai business legal service led by a Thai-licensed lawyer, classifies your token from its documents and flows.

Digital token: An electronic data unit giving a right to invest in a project or business, or to acquire specific goods, services or other rights (Emergency Decree, section 3)
Investment token: Gives a right to invest in a project or business
Ready-to-use utility token: Holders can use it for the goods or services from the first offer date
Project-based utility token: The money raised is used to build or develop the goods or services before holders can use them
Excluded from the offering rules: Some ready-to-use utility tokens meeting the SEC's conditions (section 16; Kor Jor. 16/2567, as amended); tokens designed as a means of payment, for staking or as a project-exchange token are not excluded
Public offering of other tokens: SEC permission, a registration statement and draft prospectus, and an SEC-approved ICO portal (sections 17 and 19)
Who may issue in a public offering: Only a limited company or public limited company
Fee basis: The first step is free; the assessment is a fixed fee agreed in writing

Last reviewed: 2 November 2026

What’s covered

The rights the token gives holders
Whether it is ready to use on the offer date
Whether an SEC exclusion may apply
The offering route and issuer requirements

Not included

Licence, exemption or regulator-view promises
Investment advice, listing or exchange decisions

How it works

01
Describe the project
A short questionnaire. Free, no confidential documents.
02
Scope and fee
Questions, exclusions, fee and date in writing.
03
Written route
Your facts against current law, with what remains open.

Have ready: The whitepaper or token terms · What holders can do with the token, and when · Who the buyers are, and where

A Thai-licensed lawyer with capital-markets and digital-asset compliance practice leads the work and signs off the output.

FAQ

A digital token that gives a right to acquire specific goods, services or other rights, as agreed between issuer and holder (section 3). The SEC separates utility tokens ready to use on the offer date from those whose goods or services are still to be built.

The first step is free. The assessment is a fixed fee agreed in writing; later stages are quoted separately. Government and SEC costs are shown apart.

Describe your project

Written and reviewed by Corporly · Last reviewed: 2 November 2026