Token X CEO Says Tokenization Will Become Core Financial Infrastructure, Reshaping Markets [SEABW 2026]

Token X, the Web3 subsidiary of SCBX, Thailand’s largest financial holding company, said tokenization will become core infrastructure for financial markets.

Jittinun Chatsiharach, chief executive officer of Token X, said in a keynote speech at Southeast Asia Blockchain Week 2026 at Iconsiam in Bangkok on May 20 that tokenization will reshape the structure of financial markets, much as PromptPay transformed Thailand’s payments infrastructure.

Citing PromptPay, Thailand’s national real-time payments network, he said most people do not think about the infrastructure itself when they make payments. Once infrastructure works properly, its presence fades into the background.

Credit cards, ATMs, internet banking and PromptPay were all once viewed as unnecessary or risky in their early days, he said. Tokenization now may look complex and unfamiliar, but it will eventually become part of financial infrastructure.

Jittinun said the core value of tokenization is broader access. It is not simply a technology for putting assets on a blockchain, but a structure that offers new investment opportunities to people excluded from the traditional financial system.

A large share of Thailand’s middle class has wanted to invest in high-end real estate but has struggled to gain access through the existing system, he said. Tokenization does more than lower minimum investment sizes. It breaks down barriers to entering financial markets.

He also pointed to efforts by the Thai Securities and Exchange Commission and the Bank of Thailand to build the institutional foundation for tokenization. Regulators do not build infrastructure for an industry they expect to fail, he added.

Regulation is not meant to slow tokenization but to help it scale safely, Jittinun said. The market has now entered the adoption and standardization stage for tokenization. The key question is no longer whether tokenization will happen, but which services and companies will move first to build the market.