The Securities and Exchange Commission, or SEC, is pressing ahead with driving Thailand's investment market by promoting the Thai Individual Savings Account project, or TISA, together with the Ministry of Finance, the Thai Capital Market Business Council, and the Stock Exchange of Thailand, to serve as the country's savings infrastructure, aiming to turn people's savings into long-term investment and broaden the base of new investors. SEC Secretary-General Pornanong Budsaratragoon said the SEC has also adjusted the process for approving initial public offering share sales under the Streamline IPO Process guidelines, placing greater weight on disclosure in order to cut the review period to 60-100 days from an average of 147 days previously, a reduction of roughly 30-60%. At the same time, the SEC, together with the Stock Exchange of Thailand, is pushing the BOI to IPO project and setting up a special channel for companies promoted by the Board of Investment and the Eastern Economic Corridor, in order to draw new-economy businesses into the Thai capital market. On the digital capital market, the SEC is promoting the tokenization of securities, with rules for tokenized fund units having taken effect since April 1, 2026. As for anti-money laundering risk measures, the Travel Rule regulations will take effect from February 27, 2027. On investment scams, the SEC can act to intercept them within 7 minutes to 48 hours and block reported accounts completely, at 100%. Statistics in 2026 show that consultations about investment scams rose as much as threefold compared with the same period a year earlier. On law enforcement, data as of August 2026 shows that the longest case age fell from 8 years to 3.6 years, while the average case age dropped from 2.3 years to 1.5 years. Currently, a total of five sets of laws are in the process of being revised.
Startale Launches 5% Annual-Yield Digital Retail Bonds, Interest Paid in JPYSC
Startale Japan has begun offering digital retail bonds with a 5% annual interest rate. Interest payments and redemption will use JPYSC, a trust-type yen-denominated stablecoin. The bonds are managed on infrastructure built with Hyperledger Fabric, while JPYSC is issued on Ethereum, meaning the bonds and the funds for interest payments do not sit on the same blockchain. The company sees the connection costs of horizontal specialization as a challenge, and has set out a vertical integration strategy that provides everything from base layers such as Strium, a blockchain dedicated to on-chain finance, through to JPYSC and wallets. This initiative is positioned as the current form of efforts to promote the adoption of JPYSC.
Digital Finance & Tokenization › Real-World Asset Tokenization ▲Technology
Digital Finance & Tokenization › Stablecoin Issuers & Distribution Technology
Digital Finance & Tokenization › Stablecoin Issuers Technology
Startale Labs / Startale Group · Technology · Positive Startale launched 5% annual-yield digital retail bonds with interest paid in its JPYSC stablecoin, advancing its vertical-integration strategy for on-chain finance.
ETH · Technology · Positive JPYSC, the stablecoin used for interest and redemption, is issued on Ethereum, giving it a concrete use case in Startale's digital bond product.
Startale to Offer Japan's First Digital Corporate Bond Paying Interest and Redeeming in JPYSC
Startale Japan, the Japanese arm of the Startale Group, and Hakuhodo Key3 announced on October 5 that they will begin soliciting subscriptions on October 6 for the "Stablecoin Adoption Bond," a digital corporate bond that pays interest and redeems in JPYSC, Japan's first trust-type yen-denominated stablecoin. The issuer is Startale Japan, the offering amount is 99.9 million yen, and the interest rate is 5% per year, with the bonds offered to individual investors. On October 7, the Financial Services Agency updated its caution page on transactions with unregistered operators, adding the operators of IZAKA-YA and Bybit and others to its warning list of crypto-asset exchange operators. On October 6, nine companies including Sumitomo Mitsui Banking Corporation announced that they had completed the first two phases of Project Trinity, a proof-of-concept experiment to settle digital securities with stablecoins, verifying a delivery-versus-payment method that transfers securities and payment simultaneously. On October 8, the Ministry of Finance held the first meeting of its Study Group on On-Chain Government Bonds, which discusses the tokenization of government bonds, as scheduled, and published explanatory materials organizing on-chain government bond initiatives into three categories. In an October 5 speech, Michael S. Selig, chairman of the U.S. Commodity Futures Trading Commission, explained the joint interpretation of crypto assets compiled by the CFTC and the U.S. Securities and Exchange Commission, expressing the view that Bitcoin, Ethereum, XRP and others are "in principle not securities."
KDX ST Partners Publishes Real Estate ST Buyer Demographics Based on Survey of 7,000 People
KDX ST Partners announced survey results on real estate digital securities, known as real estate ST, in a press release on the 9th. The survey covered 7,002 individual full members of the KDX ST app, compiling data as of Securities Investment Day on October 4, of whom 2,391 held real estate ST. Among holders, experience with physical stocks was heavily weighted toward long-term investors, with 573 having 10 to 20 years of experience, 511 having 20 to 30 years, and 649 having more than 30 years, while investment experience with real estate ST was most commonly less than one year, at 919 people, suggesting that those with long-term investment experience have recently begun adding it as one of their diversification targets. By income source, real estate ST holders stood at 19.7 percent for pension income, far above the 8.8 percent for full members overall, while interest and dividend income was 10.3 percent versus 5.5 percent and real estate income was 9.0 percent versus 4.0 percent, each roughly double the overall ratio. The most common investment objective was a focus on yield and capital gains, at 57.3 percent, and President Akihiro Nakao said real estate ST is beginning to be accepted as a new option for asset diversification.
KDX STパートナーズ · Demand · Positive Survey shows real estate ST being adopted as a diversification option, with holders skewing toward experienced long-term investors, signaling growing end-user demand for KDX ST Partners' product.
Robinhood Chain Weighs PGA Model That Lets Users Pay Fees to Prioritize Trades
Robinhood Chain, the layer-2 network operated by Robinhood, is considering a mechanism that would let users pay fees to prioritize specific transactions, CoinDesk reported on the 9th, citing people familiar with the matter. The mechanism under consideration is the Priority Gas Auction, or PGA, a new system developed by Arbitrum, which provides the chain's infrastructure. Robinhood Chain is an Ethereum-compatible layer-2 that Robinhood launched on July 1, built on Arbitrum technology and designed for tokenized real-world financial assets; according to DefiLlama, its total value locked stood at about 1 billion dollars as of the 10th, ranking ninth among blockchains. The chain currently processes on-chain transactions in order of arrival, and paying a priority fee does not change the ordering, but PGA splits a 250-millisecond block into two 125-millisecond rounds and orders transactions by priority determined by priority fees; Arbitrum introduced it on Arbitrum One on September 24, replacing Timeboost. According to Arbitrum, PGA priority fees are designed to flow into the Arbitrum DAO treasury, and in the first week after launch they contributed more than 120,000 dollars to Arbitrum's revenue, while Offchain Labs co-founder Steven Goldfeder explained that Robinhood keeps about 90 percent of sequencer revenue, with the remaining roughly 10 percent flowing to the Arbitrum ecosystem.
HOOD · Technology · Neutral Robinhood Chain is weighing adopting Arbitrum's Priority Gas Auction mechanism for transaction ordering, a product/tech development with unclear net benefit.
ARB · Capital · Positive PGA priority fees are designed to flow into the Arbitrum DAO treasury, having already contributed over $120,000 in the first week after launch.
Offchain Labs · Technology · Neutral Offchain Labs co-founder explained the sequencer revenue split, but the company is only mentioned as context, not a subject of the news.
Tokenized Stocks Hit Record September Trading Volume as Robinhood Surges to Top
On-chain trading volume for tokenized stocks rose 16.4% month-on-month in September to 15.6 billion dollars, a record high. CoinDesk reported the figure in a report published on October 6, noting it surpassed the previous peak of 15.4 billion dollars set in July. US brokerage app Robinhood took the top spot by trading volume, with its volume jumping 407% month-on-month to 6.57 billion dollars, lifting its market share from 9.7% in August to 42.0%. bStocks, which had led the previous month, saw its September volume fall 45.5% month-on-month to 5.42 billion dollars, giving it a 34.7% share and dropping it to second place behind Robinhood. Beyond trading, the market itself expanded, with the total market capitalization of tokenized stocks rising 13.7% month-on-month to a record 4.87 billion dollars.
Digital Finance & Tokenization › Digital Wealth & Robo-Advisory ▲Demand
HOOD · Demand · Positive Robinhood's tokenized stock trading volume jumped 407% month-on-month to $6.57B, lifting its market share to 42.0% and taking the top spot.
Stellar Tops Ethereum in Daily Tokenized Fund Inflows With $17.1 Million
Stellar has taken first place globally in daily institutional capital inflows into tokenized investment funds, overtaking Ethereum. According to data from RWA.xyz and Token Terminal, net inflows into Stellar-based investment funds totaled $17.1 million over the past 24 hours, compared with $16.0 million for Ethereum and $5.9 million for Polygon. The shift comes amid a $4 billion surge in the real-world asset sector.
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