Project Overview
Client Name
Siam Digital Assets
Industry
Investment Banking / Financial
Services Provided
Assess whether the token qualifies as a security, investment, utility, or virtual asset. Provide a formal legal opinion under applicable law.
Delivered By
Tech Legal. Blockchain and Digital Asset Legal Consultants
Background
Siam Digital Assets (SDA) is a Bangkok-based financial technology firm established in 2021 by a consortium of former executives from major Thai banking institutions and technology startups. Recognizing the paradigm shift toward decentralized finance, SDA positioned itself as a bridge between traditional capital markets and the emerging digital economy.
The company focuses specifically on facilitating compliant token issuance within the regulatory sandbox established by the Thai Securities and Exchange Commission (SEC). Their signature achievement to date is the successful tokenization of a portfolio of high-end, central Bangkok real estate development funds, allowing smaller retail investors to access previously exclusive investment opportunities with fractional ownership facilitated by blockchain technology
Our Approach
Our approach regarding the engagement with Siam Digital Assets (SDA) was holistic and designed to navigate the complexities of the Thai digital asset landscape while leveraging international structuring best practices. We began by deeply understanding SDA's business model, their specific real estate project pipeline, and their intended use case for fractional ownership tokenization within the Thai property ecosystem. Our team conducted a detailed token classification analysis, identifying whether the proposed asset-backed instrument qualified as a security token under the specific definitions of the Thai Securities and Exchange Commission (SEC) regulations.
We advised SDA as follows:
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Holistic Legal & Regulatory Mapping
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Token Structuring Strategy
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Governance & Documentation
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AML/KYC Compliance Design
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Ongoing Regulatory Support
Outcome
Tech Legal’s advisory enabled Siam Digital Assets (SDA) with a clear competitive advantage in the burgeoning Southeast Asian tokenization market. By establishing a precedent for navigating complex multi-jurisdictional regulations, SDA enhanced its credibility with institutional investors and established a scalable blueprint for future asset classes, such as infrastructure projects and renewable energy funds. The successful closure of the initial funding round subsequent to our advisory validated the compliant structure and operational framework implemented, marking a significant milestone in Thailand's adoption of mainstream digital asset investment opportunities.
