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Real Estate-Backed ICOs: General Information, New Requirements, and Comparison to REITs

NO&T Thailand Legal Update

Yothin Intaraprasong, Kwanchanok Jantakram (Co-author)
Nagashima Ohno & Tsunematsu
Journal /
NO&T Thailand Legal Update No.12 (August, 2021)
Practice Areas
*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.

1. Introduction
Recently, the advent of disruptive technology has influenced major aspects of human lives, society and the economy. Various noteworthy technologies, e.g., blockchain, cryptocurrency, etc., have been developed to facilitate people’s lives. Thailand, among other countries, is endeavoring to accommodate, utilize and monitor these technologies. Additionally, in 2018, Thailand issued the Emergency Decree on Digital Asset Businesses of 2018 (“Emergency Decree”), which governs businesses in relation to cryptocurrency and digital tokens. This briefing will focus only on digital tokenization, particularly “Real Estate-backed ICOs”, and its relevant laws.

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